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Calculate the direct labor price and efficiency variances

To help control operations, Sisyphus Company developed a standard costing system in its job shop. Data for a recent job follows.

Standard Actual
Direct labor hours 950 920
Direct labor dollars $1,900 $1,850
Units produced 380 380

REQUIRED:

Calculate the direct labor price and efficiency variances and determine whether they are favorable or unfavorable.

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Finance Basics: Calculate the direct labor price and efficiency variances

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Finance Basics: Calculate the direct labor price and efficiency variances

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