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Wolery Incorporated has provided the following data concerning one of the products in its standard cost system.
Inputs | Standard Quantity or Hours per Unit of Output | Standard Price or Rate |
Direct labor | 0.20 | hours | $ 21.70 | per hour |
The company has reported the following actual results for the product for April:
Actual output | 8,800 | units |
Actual direct labor-hours | 1,610 | hours |
Actual direct labor rate | $ 23.30 | per hour |
The labor rate variance for the month is closest to:
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