QUESTION 6Which of the following may be the likely reason for a favorable direct labor rate variance?O overestimated standard labor cost,O changes to the product specification which reduced manufacturing time.O reduction in direct labor costs due to a strike in the factory.O overestimated standard labor time per unit.

Direct labor cost is the difference between actual direct and standard direct labor rates at a…

Answered: overestimated standard labor cos…

overestimated standard labor cos changes to the product specificat reduction in direct labor costs due overestimated sctandard lobor t:me

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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