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Accounting The following information has been provided by a company: Number of units produced and sold 6,000 Standard labour rate per hour 8 Standard hours
Accounting
The following information has been provided by a company: Number of units produced and sold 6,000 Standard labour rate per hour 8 Standard hours required for 6,000 units - Actual hours required 17,094 hours Labour efficiency 105.3% Labour rate variance * 68,376 (A) You are required to calculate: (i) Actual labour rate per hour (ii) Standard hours required for 6,000 units (iii) Labour Efficiency variance (iv) Standard labour cost per unit (V) Actual labour cost per unitStep by Step Solution
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