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E Question Help Cyri Oil performs oil changes. The standard wage rate for oil change technicians is $10 per hour. By analyzing its past records
E Question Help Cyri Oil performs oil changes. The standard wage rate for oil change technicians is $10 per hour. By analyzing its past records of time spent on oil changes, the company has developed a standard of 24 minutes (or 0.40 hours) per oil change. In July, 1,300 oil changes were performed at Cyri Oil, Oil change technicians worked a total of 275 direct labor hours at an average rate of $16 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 variance amount to the nearest whole dollar. Abbreviations used: DL = Direct labor.) DL rate variance Requirements 1. Calculate the direct labor rate variance. 2. Calculate the direct labor efficiency variance. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer > Clear All part remaining 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 amount to the nearest whole dollar. Abbreviations used: DL = Direct labor.) DL rate variance x Actual hours Actual rate Standard hours allowed Standard rate Requirements 1. Calculate the direct labo 2. Calculate the direct labo Print Choose from any list or enter any number in the input fields and then click Check Answer. Clear 1 panta remaining MacBoc F3 FA F5 esc F1 F2 # $ @ % o 2 3 5 4 6 b E W R T lo A S D C cu Z C is v 2 . b H
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