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Question - in calculating labor variances you have given

Question - In calculating labor variances you have given the following data

Actual hours used 300

Actual rate $10.00

Labor rate variance 12 Favorable

Efficiency variance 5 Favorable

Required - Find the standard rate used for calculating these variances.

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Accounting Basics: Question - in calculating labor variances you have given

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Accounting Basics: Question - in calculating labor variances you have given

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