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The following labor standards have been established for a particular product: Standard labor-hours per unit of output 10 hours Standard labor rate $13.80 per hour
| The following labor standards have been established for a particular product: |
| Standard labor-hours per unit of output | 10 | hours |
| Standard labor rate | $13.80 | per hour |
| The following data pertain to operations concerning the product for the last month: |
| Actual hours worked | 7,800 | hours |
| Actual total labor cost | $104,520 | |
| Actual output | 1,050 | units |
| What is the labor efficiency variance for the month? |
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Beating The Finacial Futures Market 2023 Deluxe Edition Almanac
Authors: Art Collins
1st Edition
979-8375310534
