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Ovide Ol pertorms of changes. The standard wage rate for oil change technicians is $9...

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Accounting

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Ovide Ol pertorms of changes. The standard wage rate for oil change technicians is $9 per hour. By analyzing its past reconds of teme spert on ol changes, the comparty has deveioped a standard of 15 minites Read the Requirement 1 . Cakculate the diect theor rate varance (or 0.25 houns) per ol change. In July. 1,500 of changes were performed at Oxide OI. Ol change technicians worked a total of 285 direct iabor hours at an average rate of $12 per hour: Read the nequirements Requirement 1. Calculate the drect labor rave variance Determine the formula for the rate variance, then compute the rate variance for the direct labor. (Enler the result as a posteve number: Label the variance as favorable (F) or untivorable (U) Enter amount in the formula to the noarest cent Requirements 1. Calculate the direct labor rate variance. 2. Calculate the Grect labor efficiency variance

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