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NewTone, Inc makes MP3 players and uses standard costing. They recently used 21,000 labor hours to produce 8,000 units. They originally budgeted 20,000 hours to

NewTone, Inc makes MP3 players and uses standard costing. They recently used 21,000 labor hours to produce 8,000 units. They originally budgeted 20,000 hours to produce 11,000 units with payroll of $339,000. The company's actual payroll cost amounted to $290,000. What was the direct labor rate variance? Please round to the nearest dollar at the end of your calculations. Use a negative sign for a favorable variances and a positive sign for unfavorable variances.

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