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A firm with a standard costing system budgets 4,000 direct labor hours at $18 per hour to make 2,000 units. The firm actually produced 3,000
A firm with a standard costing system budgets 4,000 direct labor hours at $18 per hour to make 2,000 units. The firm actually produced 3,000 units using 7,000 direct labor hours at $24 per hour. When labor occurred during the period, what was the total dollar value of the debit to Work-in-Process Inventory
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