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The Russell Company provides the following standard cost data per unit of product: Direct material (2 gallons @ $3 per gallon) Direct labor (1 hours
The Russell Company provides the following standard cost data per unit of product: Direct material (2 gallons @ $3 per gallon) Direct labor (1 hours @ $13 per hour) During the period, the company produced and sold 26,000 units, incurring the following costs: Direct material 55,000 gallons Direct labor 26,500 hours The direct labor price variance was: $ 2.90 per gallon $ 12.75 per hour $ 6.00 $ 13.00
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