888 E () Bright Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1 unit of final product. In January, Bright Industries produced 20,000 units. The standard cost for labor allowed for the output was $120,000. What was the standard cost per hour? A $5 B $2 $3 $

Bright industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1. unit of finat product in January, Bnght industries produced 20,000 units. The standard cost for labor allowed for the output was $120,000. What was the standard cost per hour? $5 52 53 5