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Acme Company produces a single product and uses a standard cost accounting system. For the current month, budgeted production is 3 , 5 0 0
Acme Company produces a single product and uses a standard cost accounting system. For the current month, budgeted production is units of finished goods and budgeted direct labor costs are $ Actual production is units, actual direct labor costs are $ and actual direct labor hours worked are hours. The direct labor standard is hours per unit of finished goods. What is the direct labor rate variance?
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$ Favorable
$ Favorable
$ Favorable
$ Favorable
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