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CTS Engineering Company uses a standard cost system. The following information pertains to 2017: Actual total direct labor costs $320,000 Total standard labor hours allowed

CTS Engineering Company uses a standard cost system. The following information pertains to 2017: Actual total direct labor costs $320,000 Total standard labor hours allowed 24,000 hrs Actual labor rate $8 per hour Standard labor rate $9 per hour Required: Calculate CTS's labor efficiency variance.

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