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Rueda Company produces wheels for bicycles. During the year, 653,000 wheels were produced. The actual labor used was 363,000 hours at $9.00 per hour. Rueda
Rueda Company produces wheels for bicycles. During the year, 653,000 wheels were produced. The actual labor used was 363,000 hours at $9.00 per hour. Rueda has the following labor standards: 0.45 hour at $9.90. Required: Please enter all values as a positive amount. 1. Compute the labor rate variance. $ 2. Compute the labor efficiency variance
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