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How is a standard cost for labor set? By multiplying the time it takes to make one unit times the hourly wage. By diving the
How is a standard cost for labor set? By multiplying the time it takes to make one unit times the hourly wage. By diving the annual wage by the number of units produced each week. By finding the average annual wage for workers By finding the average weekly wage for workers
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
