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Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $14.90 per hour. Production of 7,500 units required 14,700

Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $14.90 per hour. Production of 7,500 units required 14,700 hours at an hourly rate of $14.50 per hour. Enter favorable variances as negative numbers.

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