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The following direct labor data pertain to the operations of Pearce Corp. for the month...

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Question

Accounting

The following direct labor data pertain to the operations of Pearce Corp. for the month of November:

Actual labor rate $12.25 per hr.

Actual hours used 18,000

Standard labor rate $12.00 per hr.

Standard hours allowed 17,100

Instructions

Prepare a matrix and calculate the labor variances.

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