Essay
During April,Rain Gear Unlimited produced 5,500 umbrellas from nylon that costs $0.45 per yard,which is $0.05 cheaper than the standard cost.It also used 3,000 direct labor hours at a rate of $6.50.Its direct materials standard is 1 yard per umbrella.Its direct labor standard is 0.5 hour per umbrella.
Its materials usage variance was a favorable $500 and its labor rate variance was a favorable $900.
Correct Answer:

Verified
Correct Answer:
Verified
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