Question Content AreaThe following data relate to direct labor costs for August: Actual...

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Accounting

Question Content AreaThe following data relate to direct labor costs for August:
Actual costs: 5,500 hours at $24.00 per hour.
Standard costs: 5,000 hours at $23.70 per hour.
What is the direct labor rate variance?
a. $1,500 favorable
b. $1,650 favorable
c. $1,500 unfavorable
d. $1,650 unfavorable

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