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Emporium Company uses standard costing and recorded the following data for the month of August: Standard direct labor rate $10.00 per hour Standard hours allowed

Emporium Company uses standard costing and recorded the following data for the month of August: Standard direct labor rate $10.00 per hour Standard hours allowed for actual production 20,000 Actual direct labor rate $10.50 per hour Labor efficiency variance $5,000 favorable The labor rate variance for August is

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