Direct Labor Variances Venneman Company produces a product that requires 8 standard hours per unit...
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Direct Labor Variances Venneman Company produces a product that requires 8 standard hours per unit at a standard hourly rate of $14.00 per hour. If 3,100 units required 24,100 hours at an hourly rate of $14.28 per hour, what is the direct labor (a) rate variance, (b) time varianice, and (c) total direct labor cost variance? Enter a favorable variance as a negative number using a minus sign and un unfovorable varlance as a positive number, a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance
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