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What is the labor efficiency variance

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Reference no: EM133125461

Question - Assume the following: The standard labor rate per hour is $17.75.

The standard labor-hours allowed per unit of finished goods is 3 hours.

The actual quantity of labor hours worked during the period was 43,600 hours.

The total actual direct labor cost for the period was $726,000.

The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance?

Reference no: EM133125461

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