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Given the following Information in standard costing: Standard Actual 7,900 hours at $3.20 7,800 hours at $3.40 What is the direct labor price variance? $1,560

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Given the following Information in standard costing: Standard Actual 7,900 hours at $3.20 7,800 hours at $3.40 What is the direct labor price variance? $1,560 favorable. $1,580 unfavorable. $1,580 favorable. O $1,560 unfavorable

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