Richard Brothers manufactures a product that has a standard direct labor cost of 8 hours per unit… 1 answer below »

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Richard Brothers manufactures a product that has a standard direct labor cost of 8 hours per unit at an average labor cost of $16 per hour. The company produced an actual 120,000 unitsof the product at an actual cost of $17 per hour and which took a total of 900,000 hours.
Questions:a) Compute the Labor Rate Variance
b) Compute the Labor Efficiency Variance

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