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Compute the labor efficiency variance for the period

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Reference no: EM132927043

Problem - A standard budget shows that to produce 5,000 units, 15,000 labor hours are expected at an expected rate of $10/hr. Over the period, 8,000 units were produced and $192,000 of labor costs were incurred. 16,000 labor hours were used. Compute the labor efficiency variance (LEV) for the period? If favorable, enter as positive; if unfavorable, enter as negative.

Reference no: EM132927043

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