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How much is the labor rate variance for monster company

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Monster Company produces a product requiring 3 direct labor hours at P16.00 per hour. During January, 2,000 products are produced using 6,300 direct labor hours. Monster's actual payroll during January was P98,280.

Problem 1: How much is the labor rate variance (no sign if unfavorable, negative if favorable)?

Reference no: EM132776986

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