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What is the labor rate variance

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Question - Annapolis Company completes job #601 which has a standard of 500 labor hours at a standard rate of $18.35 per hour. The job was completed in 580 hours and the average actual labor rate was $18.30 per hour. What is the labor rate variance? Round and enter as a whole number (no cents). Enter as a negative number to indicate a favorable variance and enter as a positive number to indicate a unfavorable variance.

Reference no: EM133092728

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