The Russell Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $3 per gallon) Direct labor (2 hours @ $13 per hour) During the period, the company produced and sold 24,000 units, incurring the following costs: 75,000 gallons @ 48,500 hours @ $ 2.90 per gallon $12.75 per hour Direct material Direct labor The direct labor usage variance was: Multiple Choice $6,500 unfavorable. $9.00 $26.00

The Russell Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $3 per gallon) Direct labor (2 hours @ $13 per hour) During the period, the company produced and sold 24,000 units, incurring the following costs: 75,000 gallons @ 48,500 hours @ $ 2.90 per gallon $12.75 per hour Direct material Direct labor The direct labor usage variance was: Multiple Choice $6,500 unfavorable. $9.00 $26.00

Name: The Russell Company provides the following standard cost data per uni
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Description: The Russell Company provides the following standard cost data per unit of product:Direct material (3 gallons @ $3 per gallon)Direct labor (2 hours @ $13 per hour)$9.00$26.00During the period, the company produced and sold 24,000 units, incurring the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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