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10. The standard cost of one unit of product includes 2 hours of direct labor at P15.00 per hour. The company's labor rate variance

10. The standard cost of one unit of product includes 2 hours of direct labor at P15.00 per hour. The company's labor rate variance was P275, favorable. The efficiency variance was P105, unfavorable. Three-hundred and eighty units were produced. What were the actual labor hours? a. 774 b. 760 c. 753 d. 767

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