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Interpret the cause of labor efficiency variance for month

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Reference no: EM132605327

Problem 1: The following labor standards have been established for a particular product. Predict the variance and interpret the cause of labor efficiency variance for the month.

Standard labor hours per unit of output 4 hours
Standard labor rate $ 12.30 per hour
Actual hours worked 7,100 hours
Actual total labor cost $ 89,105
Actual output 1,500 units

Reference no: EM132605327

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