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Cost standards for a product: Direct material: 3 pounds at $2.50 per pound $ 7.50 Direct labor: 5 hours at $7.50 per hour 37.50 Actual
Cost standards for a product:
Direct material: 3 pounds at $2.50 per pound $ 7.50
Direct labor: 5 hours at $7.50 per hour 37.50
Actual results for product during the month:
Units produced 7,800 units
Direct material used 23,100 pounds
Direct material purchased 25,000 pounds at $2.60 $ 65,000
Direct labor 40,100 hours at $7.30 292,730
what is the direct labor rate variance?
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