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Prince Inc. has the following information: Total payroll Standard direct labor hours Labor rate variance Labor mix variance Labor yield variance $223,900 47,200 $ 77,700

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Prince Inc. has the following information: Total payroll Standard direct labor hours Labor rate variance Labor mix variance Labor yield variance $223,900 47,200 $ 77,700 F $ 9,500 F $ 7,500 F What was Prince's actual direct labor rate? (Round intermediate values to 2 decimal places.)

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