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What is the direct labor rate variance

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Question - Koko Company produces lamps that require 2.25 standard hours per unit at an hourly rate of $15 per hour. If 7,800 units required 19,250 hours at an hourly rate of $14.90 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance.

Reference no: EM132973363

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