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Lewis Company's standard labor cost of producing one unit of Product DD is3.60hours at the rate of $13.20per hour. During August,43,000hours of labor are incurred
Lewis Company's standard labor cost of producing one unit of Product DD is3.60hours at the rate of $13.20per hour. During August,43,000hours of labor are incurred at a cost of $13.30per hour to produce11,800units of Product DD.
Compute the total labor variance.
Compute the labor price and quantity variances.
Compute the labor price and quantity variances, assuming the standard is3.90hours of direct labor at $13.50per hour.
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