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Determine alexis labor rate variance

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Question - Alexis Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the firm $480,000. According to manufacturing specifications, each unit should have required 3 hours of labor time at $15.40 per hour.

On the basis of this information, determine Alexis's labor rate variance and labor efficiency variance.

Reference no: EM132092494

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