Question: Can you explain the correct approach to solve this general accounting question? The actual cost of direct labor per hour is $25.40 and the standard

Can you explain the correct approach to solve this general accounting question?

The actual cost of direct labor per hour is $25.40 and the standard cost of direct labor per hour is $24.80. The direct labor hours allowed per finished unit is 0.75 hours. During the current period, 8,200 units of finished goods were produced using 6,350 direct labor hours. How much is the direct labor rate variance

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