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XYZ Company has set the following standards for one unit of product: Direct materials: 0.6 pounds @ $2.00 per pound; Direct labor: 1 hour @

XYZ Company has set the following standards for one unit of product: Direct materials: 0.6 pounds @ $2.00 per pound; Direct labor: 1 hour @ $10.00 per hour. The company produced 36,000 units and had the following actual costs: Direct materials: 19,000 pounds at a total cost of $17,280; Direct labor: 36,000 hours at a total cost of $374,400. 


Compute the direct labor rate variance

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