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Your answer is partially correct. During January, Flint Co . incurs 2 , 0 5 0 hours of direct labor at an hourly cost of
Your answer is partially correct.
During January, Flint Co incurs hours of direct labor at an hourly cost of $ to produce units of its finished product. Flint's standard labor cost per unit of output is $ hours $
Compute the total, price, and quantity labor variances for Flint Co for January. Identify whether each variance is favorable or unfavorable.
Total Labor Variance
Labor Price Variance
$
Labor Quantity Variance
$
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