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In calculating labor variances you have given the following data Actual hours used: 300 Actual...

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Accounting

In calculating labor variances you have given the following data

Actual hours used: 300

Actual rate: $10.00

Labor Rate variance: 12 favorable

Efficiency variance: 5 Favorable

Find the standard rate used for calculating these variances:

a. $9.02

b. $10

c. $10.04

d. $11.00

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