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Assume the following: The standard labor rate per hour is $16.75. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual
Assume the following: The standard labor rate per hour is $16.75. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 43,500 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance? Multiple Choice O O $25,125 U $25,125 F $2,625 U $2,625 F
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