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What was the standard rate for August

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Reference no: EM132441386

Question - Information on Engstom's direct labor costs for the month of August is as follows:

Actual rate $7.50

Standard hours 11,000

Actual hours 10,000

Direct labor price variance $5,000 Unfavorable

What was the standard rate for August?

A. $6.95

B. $7.00

C. $8.00

D. $8.05

Reference no: EM132441386

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