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Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance. Direct labor standard (2 hrs. @
Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance.
Direct labor standard (2 hrs. @ $12.75/hr.) | $25.50 per finished unit |
Actual direct labor hours | 97,200 hrs. |
Actual finished units produced | 48,000 units |
Actual cost of direct labor | $1,304,650 |
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