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Neighborhood Farming LLC. manufactures frozen vegetables and provided the following information related to their direct labor costs: Rate Hour Standard $15.60 0.80 Actual $17.00 0.60 Actual production was 6,000 units of packaged vegetables while the planned production was 5,000 units. Determine the direct labor time variance. O-$18,720 favorable O $18,720 unfavorable O-$13,680 favorable O $13,680 unfavorable

Neighborhood Farming LLC. manufactures frozen vegetables and provided the following information related to their direct labor costs: Rate Hour Standard $15.60 0.80 Actual $17.00 0.60 Actual production was 6,000 units of packaged vegetables while the planned production was 5,000 units. Determine the direct labor time variance. O-$18,720 favorable O $18,720 unfavorable O-$13,680 favorable O $13,680 unfavorable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Neighborhood Farming LLC. manufactures frozen vegetables and provided the following information related to their direct labor costs: Rate Hour Standard $15.60 0.80 Actual $17.00 0.60 Actual production was 6,000 units of packaged vegetables while the planned production was 5,000 units. Determine the direct labor time variance. O-$18,720 favorable O $18,720 unfavorable O-$13,680 favorable O $13,680 unfavorable
Transcribed Image Text:Neighborhood Farming LLC. manufactures frozen vegetables and provided the following information related to their direct labor costs: Rate Hour Standard $15.60 0.80 Actual $17.00 0.60 Actual production was 6,000 units of packaged vegetables while the planned production was 5,000 units. Determine the direct labor time variance. O-$18,720 favorable O $18,720 unfavorable O-$13,680 favorable O $13,680 unfavorable
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