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Total cost Labor cost Labor hours Wage rate per 1,000 papers Standard variable cost of processing 1,600,000 papers 10) The following information pertains to 1,200,000 papers that were processed by DEP Company: The following processing standards have been set for DEP Co.'s clerical workers: Number of hours per 1,000 papers processed Normal number of papers processed per year Fixed costs per year DEP's labor rate variance is $1,050,000 A) $50,000 unfavorable. C) $10,000 unfavorable. $ 950,000 B) $40,000 favorable. D) SO 190,000 150 1,600,000 $750 $1,280,000 $ 200,000

Total cost Labor cost Labor hours Wage rate per 1,000 papers Standard variable cost of processing 1,600,000 papers 10) The following information pertains to 1,200,000 papers that were processed by DEP Company: The following processing standards have been set for DEP Co.'s clerical workers: Number of hours per 1,000 papers processed Normal number of papers processed per year Fixed costs per year DEP's labor rate variance is $1,050,000 A) $50,000 unfavorable. C) $10,000 unfavorable. $ 950,000 B) $40,000 favorable. D) SO 190,000 150 1,600,000 $750 $1,280,000 $ 200,000

FINANCIAL ACCOUNTING
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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Total cost Labor cost Labor hours Wage rate per 1,000 papers Standard variable cost of processing 1,600,000 papers 10) The following information pertains to 1,200,000 papers that were processed by DEP Company: The following processing standards have been set for DEP Co.'s clerical workers: Number of hours per 1,000 papers processed Normal number of papers processed per year Fixed costs per year DEP's labor rate variance is $1,050,000 A) $50,000 unfavorable. C) $10,000 unfavorable. $ 950,000 B) $40,000 favorable. D) SO 190,000 150 1,600,000 $750 $1,280,000 $ 200,000
Transcribed Image Text:Total cost Labor cost Labor hours Wage rate per 1,000 papers Standard variable cost of processing 1,600,000 papers 10) The following information pertains to 1,200,000 papers that were processed by DEP Company: The following processing standards have been set for DEP Co.'s clerical workers: Number of hours per 1,000 papers processed Normal number of papers processed per year Fixed costs per year DEP's labor rate variance is $1,050,000 A) $50,000 unfavorable. C) $10,000 unfavorable. $ 950,000 B) $40,000 favorable. D) SO 190,000 150 1,600,000 $750 $1,280,000 $ 200,000
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