Question: A manufacturing company is expected to complete a task in 15 minutes. During a recent accounting period, 3,400 completed units were produced, resulting in the

A manufacturing company is expected to complete a task in 15 minutes. During a recent accounting period, 3,400 completed units were produced, resulting in the following labor variances: Labor rate variance: $9,240 favorable Labor efficiency variance: $4,000 unfavorable The standard labor rate is $20 per hour. Required: 1. Calculate the standard hours allowed for the work performed. 2. Calculate the actual hours worked. 3. Calculate the actual wage rate.

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