The following labor standards have been established for a particular product:
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Standard labor hours per unit of output
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3.2 hours
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Standard labor rate
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$19.10 per hour
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The following data pertain to operations concerning the product for the last month:
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Actual hours worked
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5,500 hours
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Actual total labor cost
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$105,050
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Actual output
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1,900 units
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Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month?