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What is the labor time variance for the month

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Reference no: EM132981857

Problem - The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 4.0 hours

Standard labor rate $12.30 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 7,100 hours

Actual total labor cost $89,105

Actual output. 1,500 units

Required - What is the labor time variance for the month?

Reference no: EM132981857

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