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The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.20 Actual costs 6,100 hours at $10.00 What is the direct labor rate variance? a. $23,000 unfavorable b. $7,320 favorable c. $23,000 favorable d. $15,680 favorable

The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.20 Actual costs 6,100 hours at $10.00 What is the direct labor rate variance? a. $23,000 unfavorable b. $7,320 favorable c. $23,000 favorable d. $15,680 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 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...
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What is the direct labor rate variance?

The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.20 Actual costs 6,100 hours at $10.00 What is the direct labor rate variance? a. $23,000 unfavorable b. $7,320 favorable c. $23,000 favorable d. $15,680 favorable
Transcribed Image Text:The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.20 Actual costs 6,100 hours at $10.00 What is the direct labor rate variance? a. $23,000 unfavorable b. $7,320 favorable c. $23,000 favorable d. $15,680 favorable
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