Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has
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Question:
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.50 per hour. During February, Madrid Co. paid $99,900 to employees for 9,160 hours worked. 2,430 units were produced during February. What is the direct labor rate variance? (Do not round your intermediate calculations.)
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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