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What are the efficiency variances for direct labor

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Problem - Your Store used 39016s of ice cream of 72 hrs of direct labor to produce 2000 shakes. The standard quantity allowed for a shake is 0.21bs of ice cream and 0.03hrs of direct labor. The standard costs are $1.50 per pound for ice cream & $8.00 per hour for labor. What are the efficiency variances for direct labor and direct materials?

Reference no: EM132849717

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