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Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour.
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $99,700 to employees for 9,170 hours worked. 2,400 units were produced during February. What is the direct labor rate variance? (Do not round your intermediate calculations.)
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