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Verde Company produces wheels for bicycles. During the year, 655,000 wheels were produced. The actual labor used was 370,000 hours at 59.60 per hour. Verde
Verde Company produces wheels for bicycles. During the year, 655,000 wheels were produced. The actual labor used was 370,000 hours at 59.60 per hour. Verde has the following labor standards: 1) 59.90 per hour; 2) 0.45 hour per wheel. Required: 1. Compute the labor rate variance. s 2. Compute the labor efficiency variance. S
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