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Question 1 --/1 View Policies Current Attempt in Progress t In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hour. Based on this data, the direct labor O price variance is $3,000 unfavorable. O quantity variance is $1,600 unfavorable. O price variance is $2,960 favorable. O quantity variance is $1,600 favorable. hp

Question 1 --/1 View Policies Current Attempt in Progress t In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hour. Based on this data, the direct labor O price variance is $3,000 unfavorable. O quantity variance is $1,600 unfavorable. O price variance is $2,960 favorable. O quantity variance is $1,600 favorable. hp

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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Question 1 --/1 View Policies Current Attempt in Progress t In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hour. Based on this data, the direct labor O price variance is $3,000 unfavorable. O quantity variance is $1,600 unfavorable. O price variance is $2,960 favorable. O quantity variance is $1,600 favorable. hp
Transcribed Image Text:Question 1 --/1 View Policies Current Attempt in Progress t In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hour. Based on this data, the direct labor O price variance is $3,000 unfavorable. O quantity variance is $1,600 unfavorable. O price variance is $2,960 favorable. O quantity variance is $1,600 favorable. hp
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