Essay
Japan Company produces lamps that require 2.25 standard hours per unit at an hourly rate of $15.00 per hour. Production of 7,700 units required 19,250 hours at an hourly rate of $14.90 per hour.?What is the direct labor
(a) rate variance,
(b) time variance, and
(c) total cost variance?
Correct Answer:
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(a) Rate Variance = ($14.90 -...View Answer
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