The following data relate to direct labor costs for the production of smart tablets. Actual: ......... 6,300
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The following data relate to direct labor costs for the production of smart tablets.
Actual: ......... 6,300 hrs. at $23.00.............. $144,900
Standard: ...... 6,300 hrs. at $24.50 .............. $147,000
a. Determine the rate variance, time variance, and total direct labor cost variance.
b. Discuss what might have caused these variances?
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