Compute the direct labor rate and efficiency variances


A company has a standard of 2 hours of direct labor per unit produced and $18 per hour for the labor rate. During last period, the company used 9,500 hours of direct labor at a $152,000 total cost to produce 4,000 units. Compute the direct labor rate and efficiency variances.

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Accounting Basics: Compute the direct labor rate and efficiency variances
Reference No:- TGS067794

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