The lean manufacturing philosophy attempts to reduce setup time, which will: not affect batch sizes increase batch sizes increase within-batch wait time decreases within-batch wait time The following data relate to direct labor costs for the current period: Standard costs 7, 500 hours at $11.50 Actual costs 6,000 hours at $12.00 Which is the direct labor time variance? $3,000 favorable $17, 250 favorable $15,000 unfavorable $2, 400 favorable A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 45,000. Actual manufacturing overhead costs incurred were $377, 200, and actual direct labor hours were 46,000. What is the predetermined overhead rate per direct labor hour? $8.00 $7.83 $8.38 $8.20 The entry to record direct labor costs into production in a job order cost accounting system is: debit Factory Overhead, credit Wages Payable debit Factory Overhead, credit Work in Process