The following labor standards have been established for a pa…
The following labor standards have been established for a particular product:Standard labor-hours per unit of output8.9 hoursStandard labor rate$16.50 per hourThe following data pertain to operations concerning the product for the last month:Actual hours worked9,500 hoursActual total labor cost$153,900Actual output940 unitsWhat is the labor rate variance for the month?
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