10:56 7 5G + Unit VII Lab Assignment 4 of 7

10:56 4 k- unit VII Lab Assignment 40f7 View policies Current Attempt in progress -110 At Oak Ridge. the standard quantity of labor is 25 hours per refrigeration unit The standard wage rate is S 33. In July, the company produced 73 refrigeration units and incurred 2,000 labor hours at a cost Of $ 66000. Calculate the labor rate variance and the labor efficiency variance. Indicate Whether the variances are favorable or unfavorable. (Round intermediate calculations to 2 decimal places. e.g. 14.37 and final answers to O decimal places. e.s. 125. Enter all variances as a positive number.) Latx)r Rate Variance Labor Efficiency Variance Save for Later Attempts: O of I used a education.wiley.com it Answer