Young Company produces a product that requires 2.5 standard hours per unit at a standard hourly rate
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Young Company produces a product that requires 2.5 standard hours per unit at a standard hourly rate of $9 per hour. If 500 units required 1,200 hours at an hourly rate of $8.75 per hour, what is the direct labor
(a) Rate variance
(b) Time variance
(c) Cost variance
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