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OMalley's standard labor cost of producing one unit of Product AB is 1.5 hours at a rate of $12.6 per hour. During August, 1418 hours were incurred at a cost of $11.4 per hour to produce 1368 units of Product AB. OMalley's direct labor rate variance is $ Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F

OMalley's standard labor cost of producing one unit of Product AB is 1.5 hours at a rate of $12.6 per hour. During August, 1418 hours were incurred at a cost of $11.4 per hour to produce 1368 units of Product AB. OMalley's direct labor rate variance is $ Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F

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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Please help me to calculate direct labor rate variance.....??
OMalley's standard labor cost of producing one unit of Product AB is 1.5 hours at a rate of $12.6 per hour. During August, 1418 hours were incurred at a cost of $11.4 per hour to produce 1368 units of Product AB. OMalley's direct labor rate variance is $ Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F
Transcribed Image Text:OMalley's standard labor cost of producing one unit of Product AB is 1.5 hours at a rate of $12.6 per hour. During August, 1418 hours were incurred at a cost of $11.4 per hour to produce 1368 units of Product AB. OMalley's direct labor rate variance is $ Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F
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