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Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $12.40 per hour. Production of 8,400 units required 16,460
Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $12.40 per hour. Production of 8,400 units required 16,460 hours at an hourly rate of $12.80 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time variance. (c) Determine the cost variance.
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