Lace up 67

130 140 150 16 17 18m 1909 28 2109 29 2259 Bom 23 24 25 260 40 410 430 44 45 46 47 49 50m 515 5209 53 Question 67 1 points SAVE ANSWER Lace Up Limited produces high-quality leather boots. The company has a standard cost system and has set the following standards for materials and labour: Leather strips (12 pieces @ $20) Direct labour (10 hours @ $12) $240 Total prime cost $120 $360 During the year, Lace Up produced 125 pairs of boots. Actual leather purchased was 1,700 strips, at $16 per strip. There were no beginning or ending inventories of leather. Actual direct labour was 1,500 hours at $15 per hour. Calculate the labour rate variance and the labour efficiency variance, respectively. O a. $4,500 U and $3,000 F O b. $4,500 F and $3,000 U O c. $4,500 F and $3,000 F O d. $4,500 U and $3,000 U > Moving to another question will save this response. AD 4X ENG 3:46 PM 17/06/20 Type here to search O acer