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August, 4 1 , 5 0 0 hours of labor are incurred at a cost of $ 1 1 . 0 5 per hour to
August, hours of labor are incurred at a cost of $ per hour to produce units of Product DD
a
Compute the total labor variance.
Total labor variance $
b
Compute the labor price and quantity variances.
Labor price variance
Labor quantity variance $
c
Compute the labor price and quantity variances, assuming the standard is hours of direct labor at $ per hour.
Labor price variance
Labor quantity variance
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