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The standard cost of one unit of product includes 3 hours of direct labour at $11.50 per hour. Company X labour rate (price) variance was
The standard cost of one unit of product includes 3 hours of direct labour at $11.50 per hour. Company X labour rate (price) variance was $142 unfavourable. The efficiency variance was $506 unfavourable and 200 units were produced. The actual labour hours were:
a. 505 hours
b. 492 hours
c. 523 hours
d. 644 hours
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