The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.20 Actual costs 6,400 hours at $10.30 What is the direct labor rate variance? Mason Corporation had $1,056,000 in invested assets, sales of $1,281,000, income from operations amounting to $249,000, and a desired minimum rate of return of 14%. Round your answer to two decimal places. The investment turnover for Mason Corporation is Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,640 pounds of material, $5.10; and standard costs for 4,490 pounds of material at $6.20 per pound. What is the direct materials price variance