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Calculate ncn labor efficiency variance

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Reference no: EM132071617

Question - NCN Engineering Company uses a standard cost system. The following information pertains to 2014:

Actual total direct labor costs

$640,000

Total standard labor hours allowed

48,000 hrs.

Actual labor rate

$16 per hour

Standard labor rate

$17 per hour

a) Calculate NCN's labor efficiency variance.

b) Calculate NCN's labor rate variance.

Reference no: EM132071617

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