Great Toy Company produces toys. Each toy is budgeted to require? 1/2 hour of direct? labor, and direct labor is budgeted to cost $7.50 per hour. In November, Great Toy Co. planned to sell 6,000 toys, but only 5,000 toys were actually sold. Actual direct labor costs were $21,600 for the actual 2,700 hours worked. What is the master budget variance for direct labor?

 

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To calculate the master budget variance for direct labor we need to compare the actual direct labor ... View the full answer