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The Banks Company Makes Mugs for Which the Following Standards

question 131

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The Banks Company makes mugs for which the following standards have been developed:
 Standard Inputs Expected  Standard Price  Expected  For Each Unit of Output  Per Unit of Input  Direct Materials 5 ounces $2 per ounce  Direct Labor 1.5 hours $8 per hour \begin{array}{lll}&\text { Standard Inputs Expected }&\text { Standard Price }\\\text { Expected }&\text { For Each Unit of Output }&\text { Per Unit of Input }\\\hline\text { Direct Materials } & 5 \text { ounces } & \$ 2 \text { per ounce } \\\text { Direct Labor } & 1.5 \text { hours } & \$ 8 \text { per hour }\end{array}
Production of 400 mugs was expected in July,but 440 mugs were actually completed.Direct materials purchased and used were 2,100 ounces at an actual price of $2.30 per ounce.Direct labor cost for the month was $5,310,and the actual pay per hour was $9.00.What is the direct labor quantity variance for July?

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