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Question - Standard Faucets uses standard costing and recorded the following data for the month of August:
Standard direct labor rate $10.00 per hour
Standard hours allowed for actual production 20,000 hours
Actual direct labor rate $10.50 per hour
Labor efficiency variance $6,000 favorable
Required - How much is the labor rate variance for August?
$9,750 unfavorable
$14,750 unfavorable
$4,750 unfavorable
$9,700 unfavorable
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