Paradise Corp. has determined a standard labor cost per unit of $12 (1 hour * $12 per hour). Last month, Paradise incurred 1,900 direct labor hours for which it paid $21,850. The company also produced and sold 1,950 units during the month. Calculate the direct labor rate, efficiency, and spending variances.
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Home » Business » Paradise Corp. has determined a standard labor cost per unit of $12 (1 hour * $12 per hour). Last month, Paradise incurred 1,900 direct labor hours for which it paid $21,850. The company also produced and sold 1,950 units during the month.