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Calculate the labor efficiency variance

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Reference no: EM132594925

Question - A company has determined that the standard or labor is 2 hours per unit at $10 per hour. If a process produces 1000 units and uses 2.5 hours at $9 per hour, calculate the labor efficiency variance?

a. $2100 favorable

b. $2100 unfavorable

c. $5000 favorable

d. $5000 unfavorable

Reference no: EM132594925

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