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

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Accounting

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

Standard labor-hours per unit of output 8.8 hours
Standard labor rate $ 15.70 per hour

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

Actual hours worked 8,700 hours
Actual total labor cost $ 133,980
Actual output 860 units

What is the labor rate variance for the month?

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