Labor Rate and Efficiency Variances To produce one unit of Product CD requires eight hours of labor
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Labor Rate and Efficiency Variances To produce one unit of Product CD requires eight hours of labor at a standard cost per hour of $21.00. During the month of September, 5,000 units were produced. Actual hours and costs for the month are as follows:
1. Compute the actual cost per hour of direct labor for the month of September.
2. Compute the labor rate variance.
3. Compute the labor efficiency variance.
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Related Book For 
Accounting Concepts And Applications
ISBN: 9780324376159
10th Edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain
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