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Please help answer the following questions. 2. You are given the following information for XYZ Company: Actual quantity of direct labor = 5,000 hours Actual
Please help answer the following questions.
2. You are given the following information for XYZ Company: Actual quantity of direct labor = 5,000 hours Actual direct labor rate = $10 per hour Total direct labor variance = $8,600 Unfavorable Direct labor rate variance = $4,000 Unfavorable Standard hours allowed per unit produced = 2 hours Required: Find the following unknowns. a. Direct labor efficiency variance b. Standard rate per direct labor hour c. Actual quantity producedStep by Step Solution
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