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In a certain standard costing system, the following results occurred last period: total labor variance, 2000 F; labor efficiency variance, 2,800 F; and the actual labor rate was $.20 more per hour than the standard labor rate. The number of direct labor hours used last period was

In a certain standard costing system, the following results occurred last period: total labor variance, 2000 F; labor efficiency variance, 2,800 F; and the actual labor rate was $.20 more per hour than the standard labor rate. The number of direct labor hours used last period was

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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In a certain standard costing system, the following results occurred last period: total labor variance, 2000 F; labor efficiency variance, 2,800 F; and the actual labor rate was $.20 more per hour than the standard labor rate. The number of direct labor hours used last period was
Transcribed Image Text:In a certain standard costing system, the following results occurred last period: total labor variance, 2000 F; labor efficiency variance, 2,800 F; and the actual labor rate was $.20 more per hour than the standard labor rate. The number of direct labor hours used last period was
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