Concord Corporation manufactures a product with a standard direct labor cost of two hours at $17...

 

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Concord Corporation manufactures a product with a standard direct labor cost of two hours at $17 per hour. During July, 2000 units were produced using 4200 hours at $17.3 per hour. The labor quantity variance was $3460 U. $3400 U. O $3460 F. $2260 U. Concord Corporation manufactures a product with a standard direct labor cost of two hours at $17 per hour. During July, 2000 units were produced using 4200 hours at $17.3 per hour. The labor quantity variance was $3460 U. $3400 U. O $3460 F. $2260 U.

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To calculate the labor quantity variance we need to compare the actual hours of labor used with t... View the full answer