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Compute the direct labor cost variance

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Sunshine Corp. reports the following information regarding the production on one of its products for the month. Compute the direct labor cost variance, the direct labor rate variance, the direct labor efficiency variance and identify each as either favorable or unfavorable.

Direct labor standard (2 hrs. @ $12/hr.)

$30 per finished unit

Actual direct labor hours

85,000 hrs.

Actual finished units produced

60,000 units

Actual cost of direct labor

$1,450,000

Reference no: EM131796058

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