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Coca-Cola Company set standard labor hours per unit at 2 hours, with a standard labor rate of $15 per hour. During the month, 5,000 units
Coca-Cola Company set standard labor hours per unit at 2 hours, with a standard labor rate of $15 per hour. During the month, 5,000 units were produced, requiring 9,800 labor hours at an actual rate of $14.50 per hour. Calculate the direct labor rate variance and the direct labor efficiency variance.
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