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Question 4 (2 marks) To complete an order, the XYZ Company incurred 2.100 direct labour hours. The standard hours for the units were 2,000 hours.

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Question 4 (2 marks) To complete an order, the XYZ Company incurred 2.100 direct labour hours. The standard hours for the units were 2,000 hours. The standard labour rate was $15 per hour and the actual labour rate was $14.80 per hour. Required: Calculate the direct labour rate variance [(actual price per input standard price per input) x actual quantity]

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