At Frigicor, the standard quantity of labor is 22 hours per refrigeration unit. The standard wage rate

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At Frigicor, the standard quantity of labor is 22 hours per refrigeration unit. The standard wage rate is $35. In July, the company produced 75 refrigeration units and incurred 2,100 labor hours at a cost of $69,000.

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Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable.

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Managerial Accounting

ISBN: 978-1119158011

6th edition

Authors: James Jiambalvo

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Question Posted: Sep 19, 2017 01:22 AM

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At Frigicor, the standard quantity of labor is 22 hours per refrigeration unit. The standard wage rate

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Labor Rate Variance AR SR AH 3286 3500 21...View the full answer

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