What is the direct labor rate variance


Problem

Whitman Incorporated has a direct labor standard of 2 hours per unit of output and a standard wage rate of $22.50 per hour. During July, Whitman paid $94,572 to employees for 4,440 hours worked, and 2,350 units were produced during that time. What is the direct labor rate variance?

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Financial Accounting: What is the direct labor rate variance
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