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Legends Tools provided the following data related to direct labor costs for the current period: Standard costs 8,400 hours at $13.20 Actual costs 7,950 hours at $14.00 What is the direct labor rate variance? A. $6,300 favorable B. $6,360 unfavorable C. $7,140 unfavorable D. $10,080 unfavorable

Legends Tools provided the following data related to direct labor costs for the current period: Standard costs 8,400 hours at $13.20 Actual costs 7,950 hours at $14.00 What is the direct labor rate variance? A. $6,300 favorable B. $6,360 unfavorable C. $7,140 unfavorable D. $10,080 unfavorable

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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Legends Tools provided the following data related to direct labor costs for the current period: Standard costs 8,400 hours at $13.20 Actual costs 7,950 hours at $14.00 What is the direct labor rate variance? A. $6,300 favorable B. $6,360 unfavorable C. $7,140 unfavorable D. $10,080 unfavorable
Transcribed Image Text:Legends Tools provided the following data related to direct labor costs for the current period: Standard costs 8,400 hours at $13.20 Actual costs 7,950 hours at $14.00 What is the direct labor rate variance? A. $6,300 favorable B. $6,360 unfavorable C. $7,140 unfavorable D. $10,080 unfavorable
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