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Basil Co. uses a standard cost system to account for the costs of Product A. The standard costs for each unit of Product A
Basil Co. uses a standard cost system to account for the costs of Product A. The standard costs for each unit of Product A are 4 sheets of steel at $110 per sheet and 14 hours of labor at a standard wage rate of $13 per hour. During July, Basil actually produces 600 units using 2.540 total sheets of steel at a total cost of $266,700. Payroll for its direct labor wages totaled $109,625 for 8,770 total hours worked. What is Basil's Direct Labor Rate Variance for the period? O $4,385 Favorable O $4,200 Unfavorable O $4,200 Favorable O $4.385 Unfavorable
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