Feagin Companys actual hours worked were 35,000 at a rate of ($7.50) per hour to make 22,000

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Feagin Company’s actual hours worked were 35,000 at a rate of \($7.50\) per hour to make 22,000 units of a finished product. The per-unit standard for labor is 1.5 hours @ \($7.00\) per hour = \($10.50\). What were the labor rate variance and the labor efficiency variance?

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Financial & Managerial Accounting For Undergraduates

ISBN: 9781618533104

2nd Edition

Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews

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