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What is the labor efficiency variance for the period

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Reference no: EM132515768

A standard budget shows that to produce 6,000 units, 24,000 labor hours are expected at an expected rate of $12/hr. Over the period, 8,000 units were produced and $330,000 of labor costs were incurred. 30,000 labor hours were used.

Question 1: What is the labor efficiency variance (LEV) for the period?

Reference no: EM132515768

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