The following data relate to direct labor costs for August. What is the direct labor rate variance? Actual costs: 5,500 hours at $24.00 per hour Standard costs: 5,000 hours at $23.70 per hour
The following data relate to direct labor costs for August. What is the direct labor rate variance? Actual costs: 5,500 hours at $24.00 per hour Standard costs: 5,000 hours at $23.70 per hour
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following data relate to direct labor costs for
August. What is the direct labor rate variance?
Actual costs: 5,500 hours at $24.00 per hour
Standard costs: 5,000 hours at $23.70 per hour
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