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Japan Company produces lamps that require 2 standard hours per unit at an hourly rate...

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Accounting

Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $15.40 per hour. Production of 3,000 units required 5,820 hours at an hourly rate of $14.90 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. $ (b) Determine the direct labor time variance. $ (c) Determine the cost variance. $

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