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Terry Company completes job #601 which has a standard of 640 labor hours at a standard rate of $18.70 per hour.The job was completed in
Terry Company completes job #601 which has a standard of 640 labor hours at a standard rate of $18.70 per hour.The job was completed in 600 hours and the average actual labor rate was $19.20 per hour.What is the labor rate variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance
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