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Determine the total direct labor variance for october

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Question - Marv Company's direct labor costs for manufacturing its only product were as follows for October:

Standard direct labor hours per unit of product 2

Budgeted finished units for the period 6,700

Actual number of finished units produced 5,500

Standard wage rate per direct labor hour (SP) $27.00

Direct labor costs incurred $300,000

Actual wage rate per direct labor hour (AP) $25.00

Required - Determine the total direct labor variance for October?

Reference no: EM133175914

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