ABC is expected to use 1 direct labor hour to produce 1 unit of product at a
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Question:
ABC is expected to use 1 direct labor hour to produce 1 unit of product at a cost of $20 per hour. Actual results indicate 10,000 units were made. The company's direct labor workforce worked 11,000 hours at $20 per hour.
1. What is the total dollar amount of the standard labor cost?
2. What is the total dollar amount of the actual labor cost?
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