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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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