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  • 23-04-2024
  • Business
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The standard cost of Product 21 includes three hours of direct labor at $12.70 per hour. During July, the company incurred 3,800
hours of direct labor at an
average rate of $13.20 per hour. It produced 1,300 units. Compute the price and quantity variances for
labor.
Labor price variance
Labor quantity variance

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