Question
In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per
In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hours. Based on this data, the direct labor:
Rate variance is $2,960 favorable.
Time variance is $1,600 unfavorable.
Rate variance is $1,600 unfavorable.
Time variance is $1,600 favorable.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
9781266566899
