Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as… 1 answer below »
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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.
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