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From the following information, Calculate Labour Rate Variance and Labour Efficiency Variance : Standard rate per hour 4.00 Standard Time per Unit of Output 20

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From the following information, Calculate Labour Rate Variance and Labour Efficiency Variance : Standard rate per hour 4.00 Standard Time per Unit of Output 20 hours Units Produced 500 Actual Hours Worked 12,000 Actual Labour Cost *38,400

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