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Pyne Corporation's actual output for a period was assigned the standard labor cost of $32,500. If the company had an unfavorable direct labor rate variance of $1,750 and a favorable direct labor efficiency variance of $975, what was the total actual cost of direct labor incurred during the period?
Current Asset
An asset that is expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business.
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