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Total production of 1,000 units of finished goods required 2,000 actual hours at $14 per hour. The standard is 3 hours per unit of finished

Total production of 1,000 units of finished goods required 2,000 actual hours at $14 per hour. The standard is 3 hours per unit of finished goods, at a standard rate of $11.50 per hour. Which of the following statements is true?

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