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The following data relate to direct labor costs for the current period: Standard costs Actual costs 6,800 hours at $13.00 6,400 hours at $12.10 What is the direct labor rate variance? a. $5,440 favorable b. $7,320 unfavorable c. $2,240 favorable d. $5,760 favorable

The following data relate to direct labor costs for the current period: Standard costs Actual costs 6,800 hours at $13.00 6,400 hours at $12.10 What is the direct labor rate variance? a. $5,440 favorable b. $7,320 unfavorable c. $2,240 favorable d. $5,760 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 Actual costs 6,800 hours at $13.00 6,400 hours at $12.10 What is the direct labor rate variance? a. $5,440 favorable b. $7,320 unfavorable c. $2,240 favorable d. $5,760 favorable
Transcribed Image Text:The following data relate to direct labor costs for the current period: Standard costs Actual costs 6,800 hours at $13.00 6,400 hours at $12.10 What is the direct labor rate variance? a. $5,440 favorable b. $7,320 unfavorable c. $2,240 favorable d. $5,760 favorable
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