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Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of $14.00 per hour. Actual production of 4,700 units
Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of $14.00 per hour. Actual production of 4,700 units required 9,120 hours at an hourly rate of $13.60 per hour. Determine the (a) direct labor rate variance, (b) direct labor time variance, and (c) total direct labor cost variance. Enter favorable variances as negative numbers
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