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The following data relate to direct labor costs for the current period: Standard costs 6,903 hours at $11.60 Actual costs 6,394 hours at $10.40 What is the direct labor rate variance? a) $13,577 unfavorable b) $7,673 favorable c) 413,577 favorable d) $5,904 favorable

The following data relate to direct labor costs for the current period: Standard costs 6,903 hours at $11.60 Actual costs 6,394 hours at $10.40 What is the direct labor rate variance? a) $13,577 unfavorable b) $7,673 favorable c) 413,577 favorable d) $5,904 favorable

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...
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The following data relate to direct labor costs for the current period: Standard costs 6,903 hours at $11.60 Actual costs 6,394 hours at $10.40 What is the direct labor rate variance? a) $13,577 unfavorable b) $7,673 favorable c) 413,577 favorable d) $5,904 favorable
Transcribed Image Text:The following data relate to direct labor costs for the current period: Standard costs 6,903 hours at $11.60 Actual costs 6,394 hours at $10.40 What is the direct labor rate variance? a) $13,577 unfavorable b) $7,673 favorable c) 413,577 favorable d) $5,904 favorable
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