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Choco Sweet Inc. gives you the following information: The standard labor time of 0.75 labor hour is required to produce one unit. The standard labor cost for a 10 pound bag of chocolate is $8 per labor hour. The following is data relating to the actual cost and usage data. Direct labor hours used Total cost of direct labor Number of good units produced 5,000 hours $42,500 8,500 units Using the above information provided for Choco Sweet compute the direct labor rate variance for Choco Sweet Inc.