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Use the information below to calculate the Efficiency Variance: Actual Labor Cost$18.00 per hour Actual Labor hours10,700 hours for 3,500 units produced Standard labor hours

Use the information below to calculate the Efficiency Variance:

Actual Labor Cost$18.00 per hour

Actual Labor hours10,700 hours for 3,500 units produced

Standard labor hours per unit3

Standard labor rate per hour$18.20

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