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Problem

The standard direct labor cost per unit for a company was $32 (= $20 per hour × 1.6 hours per unit). During the period, actual direct labor costs amounted to $188,800, 9,600 labor-hours were worked, and 5,000 units were produced.

Required:

Compute the direct labor price and efficiency variances for the period.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92815080

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