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The following labor standards have been established for a particular product: ...

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Accounting

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 8.9 hours
Standard labor rate $ 16.50 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 9,500 hours
Actual total labor cost $ 153,900
Actual output 940 units

What is the labor rate variance for the month?

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