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A company has determined that the standard for labor is 2 hours per unit at $10 per hour. If a process produces 1000 units and

A company has determined that the standard for labor is 2 hours per unit at $10 per hour. If a process produces 1000 units and uses 2.7 hours at $9 per hour, the labor efficiency variance is:

$7000 favorable $7000 unfavorable $6000 favorable $6000 unfavorable

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