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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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
