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How to calculate the efficiency variance

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Reference no: EM132556817

Question 1: Use the information below to calculate the Efficiency Variance:

Actual Labor Cost                                $18.00 per hour

Actual Labor hours                               10,700 hours for 3,500 units produced

Standard labor hours per unit                   3

Standard labor rate per hour                   $18.20

Reference no: EM132556817

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