Calculate the direct labor rate variance for June.
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Subject: Business / AccountingABC Company began operations on June 1, 2019. For its first month of operations, ABCCompany established the following standards for unit of its single product:standard quantity standard pricedirect materials 8 pounds $3.50 per pounddirect labor 7 hours $15.00 per hourvariable overhead 7 hours $7.50 per hourThe following information is available for surge for the month of June:1. 65,000 pounds of direct materials were purchased at a total cost of $188,500.2. 45,000 direct labor hours were worked at a total cost of $731,250.3. The variable overhead cost for the month totaled $325,000.4. 6,500 units were produced.5. At June 30, ABC Company had 8,000 pounds of direct materials on hand.Calculate the direct labor rate variance for June. If the variance is favorable, enteran F after your number with a space between the number and the F (i.e., 10,000 F). Ifthe variance is unfavorable, enter a U after your number with a space between thenumber and the U (i.e., 10,000 U). . WITH BEST NURSING TUTORS TODAY AND GET AN AMAZING DISCOUNTThe post Calculate the direct labor rate variance for June. appeared first on BEST NURSING TUTORS . Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you. “Is this question part of your assignment? We Can Help!”
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