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 Standard hours for units produced Multiple Choice $29,000 favorable. O $29,000 unfavorable. $22.500 unfavorable. 45,000 $15.00 $14.50 47,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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O
O
O
O
$29,000 favorable.
$29,000 unfavorable.
$22,500 unfavorable.
$52,500 favorable.
$52,500 unfavorable.
Transcribed Image Text:O O O O $29,000 favorable. $29,000 unfavorable. $22,500 unfavorable. $52,500 favorable. $52,500 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
45,000
$15.00
$ 14.50
Standard rate per hour
Standard hours for units produced
47,000
Multiple Choice
$29,000 favorable.
$29,000 unfavorable.
$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 45,000 $15.00 $ 14.50 Standard rate per hour Standard hours for units produced 47,000 Multiple Choice $29,000 favorable. $29,000 unfavorable. $22,500 unfavorable.
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