Labor Variances. Standard direct labor costs for Stanley Company are $8 per hour. The labor efficiency standard
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Labor Variances. Standard direct labor costs for Stanley Company are $8 per hour. The labor efficiency standard is two hours per finished imit. In a recent month, the company completed 3,000 units using 6,100 direct labor hours at a cost of $7.85 per hour. Determine the following variances:
a. Labor rate.
b. Labor efficiency.
c. Total labor.
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