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Business, 16.04.2021 18:30 khuak877

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.4 hours
Standard labor rate $12.20 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 6,200 hours
Actual total labor cost $73,160
Actual output 950 units

Required:
What is the labor efficiency variance for the month?

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