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A coffee company reports these cost data: Actual Results Total labor cost: $710,000 Number of units produced: 7,000 Number of labor hours worked: 13,500 The

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A coffee company reports these cost data: Actual Results Total labor cost: $710,000 Number of units produced: 7,000 Number of labor hours worked: 13,500 The company has established these standards: Number of labor hours to produce one unit: 2 Standard labor rate: $50 What is the labor rate variance

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