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Tippi Company produces lamps that require 2.50 standard hours per unit at an hourly rate of $17 per hour. If 7,800 units required 20,000 hours
Tippi Company produces lamps that require 2.50 standard hours per unit at an hourly rate of $17 per hour. If 7,800 units required 20,000 hours at an hourly rate of $15.75 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance.
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