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Calculate the labor efficiency variance

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Question - Annapolis Company completes job #601 which has a standard of 650 labor hours at a standard rate of $19.90 per hour. The job was completed in 560 hours and the average actual labor rate was $19.40 per hour. Calculate the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

Reference no: EM132480537

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