Question: I need guidance with this general accounting problem using the right accounting principles. Actual hours used = 45,000 hours Actual rate per hour = $15.00

I need guidance with this general accounting problem using the right accounting principles.

Actual hours used = 45,000 hours Actual rate per hour = $15.00 Standard rate per hour = $14.50 standard hours for units produced = 47,000 hours Find the Direct Labor Rate Variance. a) $29,000 Favourable b) $52,500 Favourable c) $22,500 Unfavourable

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