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Information for Hardy Manufacturing Company's direct labor costs for the month of August 2025 was as follows: Actual direct labor hours 40,000 hours Standard direct labor hours Total direct labor payroll 42,500 hours $320,000 Direct labor efficiency $4,500 variance favorable What is Hardy's direct labor price (or rate) variance?

Information for Hardy Manufacturing Company's direct labor costs for the month of August 2025 was as follows: Actual direct labor hours 40,000 hours Standard direct labor hours Total direct labor payroll 42,500 hours $320,000 Direct labor efficiency $4,500 variance favorable What is Hardy's direct labor price (or rate) variance?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...
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What is hardy's direct labour price variance?

Information for Hardy Manufacturing Company's direct labor costs for the month of August 2025 was as follows: Actual direct labor hours 40,000 hours Standard direct labor hours Total direct labor payroll 42,500 hours $320,000 Direct labor efficiency $4,500 variance favorable What is Hardy's direct labor price (or rate) variance?
Transcribed Image Text:Information for Hardy Manufacturing Company's direct labor costs for the month of August 2025 was as follows: Actual direct labor hours 40,000 hours Standard direct labor hours Total direct labor payroll 42,500 hours $320,000 Direct labor efficiency $4,500 variance favorable What is Hardy's direct labor price (or rate) variance?
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