Question: I need help with this general accounting problem using proper accounting guidelines. Northland Corporation uses a standard costing system. In September, 4,800 actual labor hours

I need help with this general accounting problem using proper accounting guidelines.

Northland Corporation uses a standard costing system. In September, 4,800 actual labor hours were worked at a rate of $14.20 per hour. The standard number of hours is 4,600, and the standard wage rate is $15.00 per hour. Determine: 1. Labor Rate Variance 2. Labor Efficiency Variance

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