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3. Data for labor used in the production of sneakers Standard: .25 hours per sneaker at $11.00 per hour Actual quantity produced: 24,500 sneakers Quantity

3. Data for labor used in the production of sneakers Standard: .25 hours per sneaker at $11.00 per hour Actual quantity produced: 24,500 sneakers Quantity used: 6,000 hours, total cost $69,000 What is the labor rate (price) variance

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