Madrid Company has a direct labor standard of 4 hours per unit of output, and a standard wage rate of $12.00 per hour. During February, Madrid Company paid $100,300 to employees for 9,180 hours worked, and 2,440 units were produced during that time. What is the direct labor rate variance? Note: Do not round your intermediate calculations. Multiple Choice $9,012 favorable $6,960 unfavorable $9,860 favorable $16,820 favorable

Madrid Company has a direct labor standard of 4 hours per unit of output, and a standard wage rate of $12.00 per hour. During February, Madrid Company paid $100,300 to employees for 9,180 hours worked, and 2,440 units were produced during that time. What is the direct labor rate variance? Note: Do not round your intermediate calculations. Multiple Choice $9,012 favorable $6,960 unfavorable $9,860 favorable $16,820 favorable

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Description: Madrid Company has a direct labor standard of 4 hours per unit of output, and a standard wage rate of $12.00 per hour. During February, Madrid Company paid $100,300 to employees for 9,180 hours worked, and 2,440 units were produced during that time.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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