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12. The following labor standards have been established for a particular product:...

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Accounting

12.

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 8.9 hours
Standard labor rate $ 12.70 per hour

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

Actual hours worked 6,700 hours
Actual total labor cost $ 82,410
Actual output 1,000 units

What is the labor efficiency variance for the month?

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