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Assume the following: The standard labor rate per hour is $17.00. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual
Assume the following: The standard labor rate per hour is $17.00. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 44,000 hours. The labor rate variance is $22,000 F. The company produced 15,000 units of finished goods during the period. The actual direct labor wage rate per hour is closest to:
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