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Compute the direct labor efficiency variance

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Question - Atlantic Wine Company produced 20,000 bottles of wine in 2020. The standard quantity of direct labor hours was 3 hours per bottle at a standard cost of $12 per hour. The accounting records showed that it incurred 64,000 direct labor hours and paid $14 per hour.

Compute the direct labor cost variance.

Compute the direct labor efficiency variance.

Reference no: EM132960744

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