Explain the total direct labor cost variance


Standard and actual cost offfr direct labor for the manufacture of 1000 units of product were as follows: actual costs 960 hours @$36.00. Standard costs 970 hours @$35.50.Determine the (A) Time variance, (b) Rate Variance, and (c) total direct labor cost variance.

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Accounting Basics: Explain the total direct labor cost variance
Reference No:- TGS0692716

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