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Discuss how much is standard tires labor efficiency variance

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Standard Tires' labor standard for the production of one bicycle tire is 4.5 hours at $8.50 per hour. During October, the company's employees produced 140,000 tires, using 610,000 hours at a total cost of $5,328,400. How much is Standard Tire's labor efficiency variance?

Reference no: EM131800748

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