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Can someone please add in the formulas and steps used to solve this problem? Thank you :) Mordica Company's standard labor cost per unit of
Can someone please add in the formulas and steps used to solve this problem? Thank you :)
Mordica Company's standard labor cost per unit of output is $22.00 ( 2.00 hours $11.00 per hour). During August, the company incurs 2,640 hours of direct labor at an hourly cost of $9.90 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.8. 52.75.) Step by Step Solution
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