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Information on Waterway's direct labor costs for the month of August is as follows: Actual labor rate Standard hours Actual hours $8.4 15000 14000

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Information on Waterway's direct labor costs for the month of August is as follows: Actual labor rate Standard hours Actual hours $8.4 15000 14000 Direct labor price variance-unfavorable $5600 What was the standard labor rate for August? $8.00 $8.34 $8.80 $8.46

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