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Calculate the total, price, and quantity labour variances

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    Assignment ID: FG133050119

    Problem – Sheridan Company’s standard labour cost per unit of output is $20 (2 hours x $10.00 per hour). During August, the company incurs 2,100 hours of direct labour at an hourly cost of $9.80 per hour in making 1,000 units of finished product. Calculate the total, price, and quantity labour variances.

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