Computing labor variances Fill in the missing figures for each of the following independent cases.

(Round all rates to the nearest cent and round all totals to the nearest dollar.)

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Case 1 Case 2 Units produced Standard hours per unit Standard hours allowed 1,200 7 2 0.6 1,200 Standard rate per hour $ 5 27 Actual hours used 2,340 1,220 Actual labor cost 4.837 Labor rate variance $725U $290U Labor efficiency variance ? $ 40U