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Question - The following data relate to the labor cost for production of 12,000 cellular telephones:

Actual: 13,600 hrs at $16.15 $219,640

Standard: 13,725 hrs at $16.00 $219,600

a) Determine the rate variance, time variance, and total direct labor cost variance

b) Discuss what might have caused these variances.

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  • Category:- Accounting Basics
  • Reference No.:- M92602400
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