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Calculate the labor rate and the labor efficiency variance

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Question - At Roger, the standard quantity of labor is 26 hours per refrigeration unit. The standard wage rate is $33. In July, the company produced 78 refrigeration units and incurred 2,000 labor hours at a cost of $64,000. Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable.

Reference no: EM133036080

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