EBK FINANCIAL ACCOUNTING: AN INTRODUCTI
14th Edition
ISBN: 8220100453953
Author: Francis
Publisher: YUZU
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Crane Paints manufactures artists' oil paints. Each 40 ml tube of paint requires 5 minutes of direct labor, and the standard labor rate is $8.12 per direct labor hour. In September, Crane incurred 10,970 direct labor hours at a cost of $86,000 to produce 146,600 tubes of paint. Calculate Crane's direct labor rate variance for September.
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