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Concord Corporation produces a product requiring 3 direct labor hours at $16.00 per hour. During...

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Concord Corporation produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2200 products are produced using 6900 direct labor hours. Concord's actual payroll during January was $107640. What is the labor quantity variance? $4800 U $2040 U $4800 F $2760 F

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