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Solve labor rate variance and the labor efficiency variance

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Reference no: EM132809920

At Cato, the standard quantity of labor is 24 hours per refrigeration unit. The standard wage rate is $33. In July, the company produced 75 refrigeration units and incurred 2,130 labor hours at a cost of $63,900.

Problem 1: Calculate the labor rate variance and the labor efficiency variance

Reference no: EM132809920

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