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The standard costs and actual costs for direct materials

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Reference no: EM13601590

The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product are as follows:

  • Standard Costs
    • Direct Labor 7,500 hours @ $12
  • Actual Costs
    • Direct Labor 7,400 hours @ $11.40

What is the amount of the direct labor time variance?

Reference no: EM13601590

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