AGL Inc. provided the following data related to the direct labor costs for the current period: Data Related to Direct Labor Costs Data Rate Hours Standard $17.50 12,000 Actual $15.50 14,000 Determine the direct labor rate variance. Group of answer choices $7,000 unfavorable $28,000 unfavorable -$28,000 favorable -$7,000 favorable
AGL Inc. provided the following data related to the direct labor costs for the current period: Data Related to Direct Labor Costs Data Rate Hours Standard $17.50 12,000 Actual $15.50 14,000 Determine the direct labor rate variance. Group of answer choices $7,000 unfavorable $28,000 unfavorable -$28,000 favorable -$7,000 favorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
AGL Inc. provided the following data related to the direct labor costs for the current period:
Data Related to Direct Labor CostsData | Rate | Hours |
---|---|---|
Standard | $17.50 | 12,000 |
Actual | $15.50 | 14,000 |
Determine the direct labor rate variance.
Group of answer choices
$7,000 unfavorable
$28,000 unfavorable
-$28,000 favorable
-$7,000 favorable
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