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Tippi Company Produces Lamps That Require 2

Question 15

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Tippi Company produces lamps that require 2.25 standard hours per unit at a standard hourly rate of $15.00 per hour. Production of 7,700 units required 17,550 hours at an hourly rate of $15.20 per hour.​
What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance?

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