Question: please someone solve this for me by 3pm PROBLEM 3 Newmark Enterprises recently used 24,000 labor hours to produce 8,600 completed units. According to manufacturing
PROBLEM 3 Newmark Enterprises recently used 24,000 labor hours to produce 8,600 completed units. According to manufacturing specifications, each unit is anticipated to take 2.75 hours to complete. The company's actual payroll cost amounted to $450,000. The standard labor cost per hour is $19.20. Compute all standards & variances. Show all computations. You must compute the actual labor cost per hour. Prepare the journal entry using standard costing
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