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Assume the following information appears in the standard cost card for a company that makes only one product During the most recent period, the following additional information was available: - 20,000 pounds of materlal was purchased at a cost of $10.50 per pound. - 8,000 direct labor-hours were recorded at a total cost of $132,000. - The direct labor efficiency variance is $3,400. What is the standard quantity of labor hours allowed for the actual level of output? Multiple Choice 8,000 hours 7,800 hours 7.600 hours 8.200 hours