(Answered) Question - japan company produces lamps that require 3

Accounting

Question - Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $12.30 per hour. Production of 6,400 units required 18,820 hours at an hourly rate of $12.50 per hour. Enter favorable variances as negative numbers.

(a) Determine the direct labor rate variance.

(b) Determine the direct labor time variance.

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