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Business, 14.06.2021 15:30 irene4523

The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.4 hours
Standard labor rate $16.70 per hour

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

Actual hours worked 5,200 hours
Actual total labor cost $87,360
Actual output 1,100 units

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

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