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Metlock Company's standard labour cost of producing one unit of product DD is...

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Accounting

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Metlock Company's standard labour cost of producing one unit of product DD is 5 hours at the rate of $10.40 per hour. During August, 60,180 hours of labour are incurred at a cost of $10.80 per hour to produce 11,800 units of product DD. Calculate the total labour variance. Total labour variance $ Favourable Unfavourable Neither favourable nor unfavourable e Textbook and Media Calculate the labour price and quantity variances. Labour price variance: $ Labour quantity variance: $ e Textbook and Media Calculate the labour price and quantity variances, assuming the standard is 5.25 hours of direct labour at $10.90 per hour. Labour price variance: $ Labour quantity variance: $

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