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Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of $15.30 per hour. Production of 5,900 units required
Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of $15.30 per hour. Production of 5,900 units required 12,040 hours at an hourly rate of $15.60 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers.
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