Information regarding Maxwell's direct labor cost for the month of January follows: Direct labor...
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Accounting
Information regarding Maxwell's direct labor cost for the month of January follows:
Direct labor hourly rate paid$29.00Total standard direct labor hours
for units produced this period11,500Direct labor hours actually worked11,300Direct labor rate variance$16,500favorable
Required:
1. Compute the standard direct labor wage rate per hour in January.
2. Compute the direct labor efficiency variance for January.Was this variance favorable (F) or unfavorable (U)?
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