Vanzant produced 1000 units of output the production, Ask an Expert

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Vanzant produced 1,000 units of output. The production process normally requires 2 hours of labor per unit of output. The standard labor rate is $10 per hour but Vanzant paid $11 per hour. Actual hours needed to complete the production process were 1,900. How much was the labor efficiency variance?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91580683

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