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Was the Labor Price Variance (AH x AR) - (AH x SR) Favorable or Unfavorable for the information Provided below? Actual Hours (AH) 4 =

Was the Labor Price Variance (AH x AR) - (AH x SR) Favorable or Unfavorable for the information Provided below?

Actual Hours (AH)4 = 2,850,500 Actual Labor Rate (AR) = $29.50

Actual Hours (AH) = 2,850,500 Standard Labor Rate (SR) = $27.50

Difference (Actual - Standard) = $5,701,000.00

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