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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?
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