Japan Company produces lamps that require 3 standard hours per unit at an hourly rate...
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Accounting
Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $15.60 per hour. Production of 4,300 units requir 12,510 hours at an hourly rate of $15.10 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time v ariance. (c) Determine the cost variance
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