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Determine the total flexible budget labor cost variance

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Reference no: EM133170582

Question - Direct Labor Variances - Advanced Micro Devices develops high-performing computing products. Assume one of its processors, Ryzen 7 Pro, has a standard labor time of 0.25 hour and a standard labor rate of $20 per hour. During February, the following activities pertaining to direct labor for Ryzen 7 Pro were recorded:

Direct labor hours used 64,000

Direct labor cost $1,248,000

Units of Ryzen 7 Pro manufactured 250,000

Required -

(a) Determine the labor rate variance.

(b) Determine the labor efficiency variance.

(c) Determine the total flexible budget labor cost variance.

Reference no: EM133170582

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