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Give me an example of Direct Labor Variances Advanced Micro Devices develops...

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Accounting

Give me an example of Direct Labor Variances
Advanced Micro Devices
develops high-performing computing products. Assume one of its proces-
sors, Ryzen 7 Pro, has a standard labor time of 0.25 hours and a standard labor rate of $20 per hour.
During February, the following activities pertaining to direct labor for Ryzen 7 Pro were recorded:
Direct labor hours used
..................................................
64,000
Direct labor cost
........................................................
$1,248,000
Units of Ryzen 7 Pro manufactured
.........................................
250,000
Required
a.
Determine the labor rate variance.
b.
Determine the labor efficiency variance.
c.
Determine the total flexible budget labor cost variance.

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