This question has two parts (4 points per part). Alberts Credit Agency uses a standard...
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This question has two parts points per part Alberts Credit Agency uses a standard cost system for the processing of its credit applications. Before the beginning of the last pay period, Alberts estimated it would process applications. The labor standard at Alberts is hours per application at a standard cost of $ per hour. During the last pay period, the company credit agents worked hours, processed applications, and were paid $
Part What was the labor rate variance for the last pay period?
a $
b $
c $
d $
e $
f $
Part What was the labor efficiency variance for the last pay period?
a $
b $
c $
d $
e $
f $
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