Essay
The following direct labor standards have been established for product N30A: 
The following data pertain to the most recent month's operations during which 400 units of product N30A were made: 
Required:
a.What was the labor rate variance for the month?
b.What was the labor efficiency variance for the month?
c.Prepare a journal entry to record direct labor costs during the month,including the direct labor variances.
Correct Answer:
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a.Labor rate variance = (AH × AR)− (AH ×...View Answer
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Correct Answer:
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