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Compute the labor rate variance

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Reference no: EM131729777

DM is a denim brand specializing in the manufacture and sale of hand-stitched jeans trousers.

DM manufactured and sold 10,000 pairs of jeans during a period.

Information relating to the direct labor cost and production time per unit is as follows:

Actual Hours
Per Unit Standard Hours
Per Unit Actual Rate
Per Hour Standard Rate
Per Hour
Direct Labor 0.50 0.60 $12 $10

Compute the labor rate variance

Reference no: EM131729777

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