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Compute what is the labor rate variance

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Reference no: EM132528066

Annapolis Company completes job #601 which has a standard of 550 labor hours at a standard rate of $18.50 per hour. The job was completed in 660 hours and the average actual labor rate was $19.30 per hour.

Question 1: What is the labor rate variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

Reference no: EM132528066

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