Use the following information to answer questions 7 & 8: Cola Co. manufactures a product...
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Accounting
Use the following information to answer questions 7 & 8: Cola Co. manufactures a product with a standard direct labor cost of two hours at $24.00 per hour. During July, 2,000 units were produced using 4,200 hours at $24.40 per hour. The labor quantity variance was
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