Question: I am looking for the correct answer to this general accounting question with appropriate explanations. The Phoenix Tools Company established the following labor standards for

I am looking for the correct answer to this general accounting question with appropriate explanations.

The Phoenix Tools Company established the following labor standards for its only product: Standard labor hours per unit = 2.2 hours Standard labor rate = $16.20 per hour The following actual data was recorded last month: Actual hours worked = 4,800 hours Actual total labor cost = $76,320 Actual output = 2,100 units What is the labor rate variance for the month

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