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Calculate the labor rate variance

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Question - At Walla Walla, the standard quantity of labor is 22 hours per refrigeration unit. The standard wage rate is $34. In July, the company produced 81 refrigeration units and incurred 2,090 labor hours at a cost of $66,880.

Required - Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favourable or unfavourable.

Reference no: EM132858316

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