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MaxCo has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, MaxCo used 3,860 hours of labor

  1. MaxCo has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, MaxCo used 3,860 hours of labor at a total cost of $46,970.

Please calculate what MaxCo's total labour variance is. (5 Marks)

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