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Calculate the labor rate variance and the labor efficiency

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Reference no: EM132993712

At Vermillion, the standard quantity of labor is 25 hours per refrigeration unit. The standard wage rate is $36. In July, the company produced 83 refrigeration units and incurred 2,100 labor hours at a cost of $65,100.

Problem 1: Calculate the labor rate variance and the labor efficiency variance.

Reference no: EM132993712

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