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A manufacturing company is expected to complete a task in 45 minutes. During a recent accounting period, 2,400 completed units were produced, resulting in the
A manufacturing company is expected to complete a task in 45 minutes. During a recent accounting period, 2,400 completed units were produced, resulting in the following labor variances: Labor rate variance$436 unfavorable Labor efficiency variance$560 favorable The standard labor rate is $10 per hour. Required: Calculate (1) the standard hours allowed for the work performed, (2) the actual hours worked, and (3) the actual wage rate.
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