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Ivanhoe Company's standard labour cost of producing one unit of product DD is 3 hours...

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Accounting

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Ivanhoe Company's standard labour cost of producing one unit of product DD is 3 hours at the rate of $13.35 per hour. During August, 37,200 hours of labour are incurred at a cost of $13.60 per hour to produce 12,000 units of product DD. Calculate the total labour variance. Total labour variance $ eTextbook and Media Calculate the labour price and quantity variances. Labour price variance: $ Labour quantity variance: $ eTextbook and Media Calculate the labour price and quantity variances, assuming the standard is 3.25 hours of direct labour at $13.70 per hour

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