Question
Standard and actual cost for direct labor for the manufacture of 1500 units of product were as follow: actual costs 450 hours @ $17.00 Standard
Standard and actual cost for direct labor for the manufacture of 1500 units of product were as follow:
actual costs 450 hours @ $17.00
Standard costs 455 hours @ $16.50
Determine the Time variance, rate variance and total direct labor cost variance.
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Managerial Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
12th Edition
1133952402, 978-1133952404
