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Calculate the labor rate and the labor efficiency variance

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Reference no: EM133135978

Question - At Crown Point, the standard quantity of labor is 22 hours per refrigeration unit. The standard wage rate is $33. In July, the company produced 82 refrigeration units and incurred 2,150 labor hours at a cost of $75,250. Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable.

Reference no: EM133135978

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