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The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 50,000 Actual rate per hour: $22 . Standard rate per hour: $20 Standard hours for units produced: 48,000 How much is the direct labor price variance?

The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 50,000 Actual rate per hour: $22 . Standard rate per hour: $20 Standard hours for units produced: 48,000 How much is the direct labor price variance?

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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The following information describe a company's usage of direct labor in a recent period

The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 50,000 Actual rate per hour: $22 . Standard rate per hour: $20 Standard hours for units produced: 48,000 How much is the direct labor price variance?
Transcribed Image Text:The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 50,000 Actual rate per hour: $22 . Standard rate per hour: $20 Standard hours for units produced: 48,000 How much is the direct labor price variance?
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