ACC 241 Uses of Accounting Information II (1) Zach Walden & | 12/03/213:58 PM E Homework: HW #10 - Chapter 11 Question 6, S11-6 (simil.. Part 1 of 2 HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save Fiber Oll performs oil changes. The standard wage rate for all change technicians is $15 per hour. By analyzing its past records of time spent on all changes, the company has developed a standard of 12 minutes (or 0.20 hours) per oll change. In $1 July 1,400 oil changes were performed at Fiber Oil. Oil change technicians worked a total of 275 direct labor hours at an average rate of $10 per hour. Read the requirements, Requirement 1. Calculate the direct labor rate variance Determine the formula for the rate variance, then compute the rate variance for the direct labor. (Enter the result as a positive number. Label the variance as favorable (F) or unfavorable (U). Enter the currency amount in the formula to the nearest cent, then round the final varlance amount to the nearest whole dollar. Abbreviations used: DL = Direct labor.) DL rate variance = X Requirements 1. Calculate the direct labor rate variance, 2. Calculate the direct labor efficiency variance. Print Done Help me solve this Video Get more help Clear all Check