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McVey Companys reported actual direct labor cost of $30,000 for the month of March. This resulted in a labor rate variance of $6,000 favorable. If

McVey Companys reported actual direct labor cost of $30,000 for the month of March. This resulted in a labor rate variance of $6,000 favorable.

If actual direct labor hours for March were 3,000, then the standard direct labor rate is:

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