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Madrid Company has a direct labor standard of 4 hours per unit of output, and has a standard wage rate of $11.5 per hour. During
Madrid Company has a direct labor standard of 4 hours per unit of output, and has a standard wage rate of $11.5 per hour. During February, Madrid Company paid $99,900 to employees for 9,160 hours worked, and 2,430 units were produced during that time. What is the direct labor efficiency variance?
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