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1. Alexis Company recently completed 11,900 units of its single product, consuming 48,000 labor hours that cost the firm $748,800. According to manufacturing specifications, each

1. Alexis Company recently completed 11,900 units of its single product, consuming 48,000 labor hours that cost the firm $748,800. According to manufacturing specifications, each unit should have required 4 hours of labor time at $16.00 per hour.

On the basis of this information, determine Alexis's labor rate variance and labor efficiency variance.

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