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Republic, Inc. has gathered the following data in preparing to record their direct labor payroll costs for the week: Actual hours worked 18,500 Standard hours
| Republic, Inc. has gathered the following data in preparing to record their direct labor payroll costs for the week: | |||||||
| Actual hours worked | 18,500 | ||||||
| Standard hours allowed | 20,000 | ||||||
| Total direct labor variance | $ 8,300 | F | |||||
| Direct labor price variance | $ 3,700 | U | |||||
| Required: Calculate | |||||||
| (a) The standard direct labor price | |||||||
| (b) The actual direct labor costs | |||||||
| ( c) The actual direct labor price | |||||||
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GAO Financial Audit Manual Volume 2 Updated March 2021
Authors: United States Government GAO
2021 Edition
B091WM9DZW, 979-8733082875
