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A coffee company reports these cost data: Actual Results Total labor cost: $710,000 Number of units produced: 7,000 Number of labor hours worked: 13,500 The
A coffee company reports these cost data:
Actual Results
- Total labor cost: $710,000
- Number of units produced: 7,000
- Number of labor hours worked: 13,500
The company has established these standards:
- Number of labor hours to produce one unit: 2
- Standard labor rate: $50
What is the labor rate variance?
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
