A job was budgeted to require three hours of labor per unit at $8 per...
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Accounting
A job was budgeted to require three hours of labor per unit at $8 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $198,000. What is the labor rate variance?
$22,000 unfavorable
$16,000 unfavorable
$6,000 unfavorable
$16,000 favorable
$22,000 favorable
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