Question: Computing labor variances LO 3 Fill in the missing figures for each of the following independent cases: (Round all rates to the nearest cent and

Computing labor variances LO₃ Fill in the missing figures for each of the following independent cases: Case | Case 2 Units produced.. Standard hours per unit. Standard hours

(Round all rates to the nearest cent and all totals to the nearest dollar.)

Case | Case 2 Units produced.. Standard hours per unit. Standard hours allpwed. Standard rate per hour. 1,200 ? 22 0.6 1.200 $5 ? Actual hours used 2,340 1.220 Actual labor cost ? ? Labor rate variance $725U $290U Labor efficiency variance ? $40U

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