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What is the direct labor rate variance

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Problem - Madrid Co. has a direct labor standard of 4 hours... Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11 per hour. During February, Madrid Co. paid $99,500 to employees for 9,150 hours worked. 2,400 units were produced during February. What is the direct labor rate variance?

Reference no: EM132920138

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