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What is the labor rate variance for the month

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Reference no: EM133116273

Question - The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 3.3 hours

Standard labor rate $16.15 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 6,300 hours

Actual total labor cost $103,635

Actual output 2,000 units

Required - What is the labor rate variance for the month?

Reference no: EM133116273

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