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GMC has a direct labor cost of $14,000,000 and direct labor hours of 400,000. Calculate the direct labor rate per hour. If a job uses

GMC has a direct labor cost of $14,000,000 and direct labor hours of 400,000. Calculate the direct labor rate per hour. If a job uses 3,000 direct labor hours, what is the direct labor cost for the job? Prepare the balance sheet after the formation of the partnership.

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