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The following information describes a company's usage of direct labor in a recent period. The direct labor rate variance is: Actual hours used Actual rate per hour Standard rate per hour 45,000 $15.00 $14.50 Standard hours for units produced 47,000 a) $29,000 Favorable b) $52,500 Favorable c) $22,500 Unfavorable

The following information describes a company's usage of direct labor in a recent period. The direct labor rate variance is: Actual hours used Actual rate per hour Standard rate per hour 45,000 $15.00 $14.50 Standard hours for units produced 47,000 a) $29,000 Favorable b) $52,500 Favorable c) $22,500 Unfavorable

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 information describes a company's usage of direct labor in a recent period. The direct labor rate variance is: Actual hours used Actual rate per hour Standard rate per hour 45,000 $15.00 $14.50 Standard hours for units produced 47,000 a) $29,000 Favorable b) $52,500 Favorable c) $22,500 Unfavorable
Transcribed Image Text:The following information describes a company's usage of direct labor in a recent period. The direct labor rate variance is: Actual hours used Actual rate per hour Standard rate per hour 45,000 $15.00 $14.50 Standard hours for units produced 47,000 a) $29,000 Favorable b) $52,500 Favorable c) $22,500 Unfavorable
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