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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 $11.20 per hour.

Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.20 per hour. During February, Madrid Co. paid $99,600 to employees for 9,210 hours worked. 2,450 units were produced during February. What is the direct labor efficiency variance?

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