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Consider the following data for a manufacturing company. Compute the rate variance for labor. Standard inputs allowed for actual output x standard prices Costs incurred
Consider the following data for a manufacturing company. Compute the rate variance for labor. Standard inputs allowed for actual output x standard prices Costs incurred Actual Inputs x standard prices Direct Direct Materials Labor $ 59,000 $ 95,000 $ 58,000 $100,000 $ 61,000 $ 98,000 $3,000 unfavorable co $2,000 favorable $5,000 favorable o o $2,000 unfavorable $3,000 favorable o of $5,000 unfavorable
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