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shoemaker standard 1 / 4 hours per shoe at $ 1 1 per hour. They produced 2 4 , 5 0 0 shoes using 6

shoemaker standard

1 / 4

hours per shoe at $

11

per hour. They produced

24, 500

shoes using

6, 000

hours with a cost of $

69, 000 .

What is labor rate variance?

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