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Talbot Company's standard labour cost per unit of output is $20.60 (2 hours x $10.30 per hour). During August, the company incurs 2.550 hours of
Talbot Company's standard labour cost per unit of output is $20.60 (2 hours x $10.30 per hour). During August, the company incurs 2.550 hours of direct labour at an hourly cost of $10.00 per hour in making 1,200 units of finished product. Calculate the total, price, and quantity labour variances. Total labour variance: Labour price variance Labour quantity variance
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