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The following labor standards have been established for a particular product:
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| Standard labor-hours per unit of output | | 8.9 | hours |
| Standard labor rate | $ | 16.50 | per hour |
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The following data pertain to operations concerning the product for the last month:
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| Actual hours worked | | 9,500 | hours |
| Actual total labor cost | $ | 153,900 | |
| Actual output | | 940 | units |
| |
What is the labor rate variance for the month?
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