Verde Company produces wheels for bicycles. During the year, 661,000 wheels were produced. The actual...
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Accounting
Verde Company produces wheels for bicycles. During the year, wheels were produced. The actual labor used was hours at $ per hour. Verde has the following labor standards: $ per hour; hour per wheel.
Required:
Compute the labor rate variance.
$fill in the blank
Favorable
Compute the labor efficiency variance.
$fill in the blank
Unfavorable
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