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Polaco Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.4 hours per unit Standard direct labor rate $ 24.00
Polaco Corporation makes a product that has the following direct labor standards:
Standard direct labor-hours | 0.4 | hours per unit | |
Standard direct labor rate | $ | 24.00 | per hour |
In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour.
The labor efficiency variance for May is:
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