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AtPenny Worth, the standard quantity of labor is22hours per refrigeration unit. The standard wage rate is $35. In July, the company produced76refrigeration units and incurred2,090labor

AtPenny Worth, the standard quantity of labor is22hours per refrigeration unit. The standard wage rate is $35. In July, the company produced76refrigeration units and incurred2,090labor hours at a cost of $66,880.

Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable.

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