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Newbill Enterprises Recently Used 24,000 Labor Hours to Produce 8,600

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Newbill Enterprises recently used 24,000 labor hours to produce 8,600 completed units.According to manufacturing specifications,each unit is anticipated to take 2.75 hours to complete.The company's actual payroll cost amounted to $456,000.If the standard labor cost per hour is $19.20,Newhart's labor rate variance is:


Definitions:

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