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standard labor hours per unit 4.5 hours standard labor rate $17 per hour actual hours worked 2,000 hours actual labor $38,000 actual output 500 units

standard labor hours per unit 4.5 hours
standard labor rate $17 per hour
actual hours worked 2,000 hours
actual labor $38,000
actual output 500 units

What is the labor efficiency variance?

$4,250 favorable

$1,500 unfavorable

$4,250 unfavorable

$1,500 favorable

Which is correct?

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