Direct labor variances dvorak company produces a product that requires 3 standard hours per unit at a standard hourly rate of $17 per hour. if 1,000 units required 2,800 hours at an hourly rate of $16.50 per hour, what is the direct labor
(a) rate variance,
(b) time variance, and
(c) total direct labor cost variance? enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.