Richards Company manufactures small plastic widgets. The standard direct materials quantity required to produce one widget...

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Richards Company manufactures small plastic widgets. The standard direct materials quantity required to produce one widget is 1/2 pound at a cost of $9 per pound Every widget requires 6 direct labor hours at a standard cost of $11 per direct labor hour. During November, 1,700 widgets were produced using 870 pounds of materials costing $3,170. At the end of November, an examination of the labor cost records showed that the company used 9,850 direct labor hours (DLHr) at a cost of $8 per hour. What is the direct labor cost variance? Richards Company manufactures small plastic widgets. The standard direct materials quantity required to produce one widget is 1/2 pound at a cost of $9 per pound Every widget requires 6 direct labor hours at a standard cost of $11 per direct labor hour. During November, 1,700 widgets were produced using 870 pounds of materials costing $3,170. At the end of November, an examination of the labor cost records showed that the company used 9,850 direct labor hours (DLHr) at a cost of $8 per hour. What is the direct labor cost variance?

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