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Calculate the direct labor rate and efficiency variances

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Question

Bonita Family Instruments makes cellos. During the past year, the company made 6,700 cellos even though the budget planned for only 5,720. The company paid its workers an average of $15 per hour, which was $1 higher than the standard labor rate. The production manager budgets four direct labor hours per cello. During the year, a total of 24,850 direct labor hours were worked.

Calculate the direct labor rate and efficiency variances.

Reference no: EM132406623

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