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In calculating labor variances you have given the following data Actual hours used 300 Actual rate $10.00 Labor rate variance 12Favorable Efficiency variance 5Favorable Find

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In calculating labor variances you have given the following data Actual hours used 300 Actual rate $10.00 Labor rate variance 12Favorable Efficiency variance 5Favorable Find the standard rate used for calculating these variances 1. $9.02 12. $10 3. $10.04 4. $11.00

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