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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