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Labour Variances & Labour Efficiency
Standard labor hours per unit of output: 2.8
standard labor rate per hour: 11.50
operations for the last month:
actual hours worked: 6900
actual total labor cost: 80,385
actual output: 2300 units
What is the labor variance for the month?
What is the labor efficiency rate for the month?
Explain why you would be more or less willing to buy a share of Apple Computers stock in the following situations:
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