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Direct Labor Variances Venneman Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $ 9 . 0

Direct Labor Variances
Venneman Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $9.00 per hour. If 4,800 units required 15,000 hours at an hourly rate of $8.64 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

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