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A company has a standard of 2 hours of direct labor per unit produced and $19.0 per hour for the labor rate. During last period, the company used 10,500 hours of direct labor at a $179,500 total cost to produce 4,500 units. Compute the direct labor rate and efficiency variances.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9958857

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