Question
Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows: Actual costs 950 hours @ $37.00 Standard
Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows:
Actual costs 950 hours @ $37.00
Standard costs 975 hours @ $36.00
Determine the (a) time variance, (b) rate variance, and (c) total direct labor cost variance.
Show your work please
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Police Auditing Standards And Applications
Authors: Allan Y. Jiao
2nd Edition
0398090750, 978-0398090753
