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The Following Direct Labor Standards Have Been Established for Product

Question 117

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The following direct labor standards have been established for product O64L:
The following direct labor standards have been established for product O64L: The following data pertain to last month's operations: Required: a.What was the labor rate variance for the month? b.What was the labor efficiency variance for the month? The following data pertain to last month's operations:
The following direct labor standards have been established for product O64L: The following data pertain to last month's operations: Required: a.What was the labor rate variance for the month? b.What was the labor efficiency variance for the month? Required:
a.What was the labor rate variance for the month?
b.What was the labor efficiency variance for the month?

Correct Answer:

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a.Labor rate variance = (AH × AR)− (AH ×...

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