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Historic Restoration Company budgeted 2.5 hours of direct labor per unit at $14.75 per hour to produce 600 replica door knobs. The 600 knobs were

Historic Restoration Company budgeted 2.5 hours of direct labor per unit at $14.75 per hour to produce 600 replica door knobs. The 600 knobs were completed using 1,200 hours of direct labor at $14.00 per hour. What is the direct labor rate variance?

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