Question: Question content area top Part 1 Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost

Question content area top
Part 1
Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $34 an hour. During the most recent year, 500 returns were completed with the labor cost totaling $35,000. The actual labor cost was $35 per hour during that period. The actual number of labor hours was1,000. What is the direct labor cost variance?

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