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Direct labor related information for Newstead Company follows: Actual direct labor hours 5,600 Standard Direct Labor Hours 5,400 Total direct labor per payroll $53,200

Direct labor related information for Newstead Company follows:

Actual direct labor hours 5,600

Standard Direct Labor Hours 5,400

Total direct labor per payroll $53,200

Standard labor rate per hour $9.00

What is the labor rate variance?

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