Standard and actual costs for direct labor for the manufacture of 300 units of product...
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Accounting
Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows: Actual costs 125 hours @ $54.00 Standard costs 131 hours @ $53.00 Determine the following: Enter favorable variances as negative numbers. a. Time variance b. Rate variance A c. Total direct labor cost variance -125 Unfavorable
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