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Atlanta, Inc. has collected the following data for the manufacture of sprockets used as a component in one of its products: budgeted direct labor are

Atlanta, Inc. has collected the following data for the manufacture of sprockets used as a component in one of its products: budgeted direct labor are 1/2 hrs. @ $20/hr. for each sprocket; 20,500 hrs. of labor were used costing $395,000; and 40,000 sprockets were produced. What is the direct labor rate variance?

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