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Determine the time variance

Assignment Help Managerial Accounting
Reference no: EM132535994

Standard and actual cost for direct labor for the manufacture of 1500 units of product were as follow:

actual costs 450 hours @ $17.00

Standard costs 455 hours @ $16.50

Question 1: Determine the Time variance, rate variance and total direct labor cost variance.

Reference no: EM132535994

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