9. The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour Standard costs: 5,000 hours at $23.70 per hour What is the direct labor rate variance? a. $1,650 favorable b. $1,650 unfavorable c. $1,500 favorable d. $1,500 unfavorable

9. The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour Standard costs: 5,000 hours at $23.70 per hour What is the direct labor rate variance? a. $1,650 favorable b. $1,650 unfavorable c. $1,500 favorable d. $1,500 unfavorable

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Description: 9. The following data relate to direct labor costs for August:Actual costs: 5,500 hours at $24.00 per hourStandard costs: 5,000 hours at $23.70 per hourWhat is the direct labor rate variance?a. $1,650 favorableb. $1,650 unfavorablec. $1,500 favorabl

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...

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Ellis Companys labor information for September is as follows: A. Compute the standard direct labor rate per hour. B. Compute the direct labor time variance. C. Compute the standard direct labor rate if the direct labor rate variance was $2,712.30 (unfavorable).
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