Historic Restoration Company budgeted 2.5 direct labor hours per unit at $14.75 per hour to...

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Accounting

Historic Restoration Company budgeted 2.5 direct labor hours per unit at $14.75 per hour to produce 600 replica doorknobs. The 600 knobs were completed with 1,200 direct labor hours at $14.00 per hour. 

What is the direct labor rate variance?


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