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What is the direct labor rate variance and time variance

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Question 1 : Ryker Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $28.00 per hour. If 4,000 units required 16,750 direct labor hours at an hourly rate of $28.40 per hour, what is the direct labor rate variance, time variance, and total cost variance?

Reference no: EM132530763

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