True/False
If the standard to produce a given amount of product is 600 direct labor hours at $15 and the actual was 600 hours at $17, the rate variance was $1,200 unfavorable.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q70: Cost systems using detailed estimates of each
Q72: Standards are more widely used for nonmanufacturing
Q76: Standard costs can be used with both
Q77: Variances from standard costs are usually reported
Q78: The following data is given for the
Q79: The following information relates to manufacturing overhead
Q80: The standard factory overhead rate is $7.50
Q94: Standard costs are determined by multiplying expected
Q158: At the end of the fiscal year,
Q171: The following are inputs and outputs to