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4) The following information is presented for the Marathon Manufacturing Company. - Direct labor rate standard is $11.55. - D

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Answer #1

Labor price Variance

= (Standard price - Actual price) *Actual hours

= (11.55 - 33,174/2910) * 2910

= (11.55 - 11.40) * 2910

= 436.50 Favourable

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