The standards for product C54L specify 4.5 direct labor-hours per unit at $12.40 per direct labor-hour.Last month 1,560 units of product C54L were produced using 7,000 direct labor-hours at a total direct labor wage cost of $86,100.
Required:
a.What was the labor rate variance for the month?
b.What was the labor efficiency variance for the month?
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