In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per...
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In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hour. Based on these data, the direct labor: (a) quantity variance is $1,600 favorable. (b) quantity variance is $1,600 unfavorable. (c) price variance is $2,960 favorable. (d) price variance is $2,960 unfavorable. In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hour. Based on these data, the direct labor: (a) quantity variance is $1,600 favorable. (b) quantity variance is $1,600 unfavorable. (c) price variance is $2,960 favorable. (d) price variance is $2,960 unfavorable.
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