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direct labor variances
The following data relate to labor cost for production of 20,000 cellular telephones:
Actual: 8,450 hrs. at $22.50
Standard: 8,400 hrs. at $23.00
a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance.
b. Discuss what might have caused these variances.
Compare the reporting of this transaction on the tax
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