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Compute the labor rate and labor efficiency variances

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Question - The standard labor cost in the production of a pair of Richetti Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 24,630 pairs were produced. Actual labor costs were $96,240 for 8,020 hours. Compute the labor rate and labor efficiency variances for the month of June.

Reference no: EM132886760

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