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Business, 16.11.2020 17:20 jaemitchell23

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.6 hours
Standard labor rate $ 13.40 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 7,400 hours
Actual total labor cost $ 96,200
Actual output 950 units

Required:
a. What is the labor efficiency variance for the month?
b. What is the labor rate variance for the month?

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