Question: I need help solving this general accounting question with the proper methodology. SolarTech Industries manufactures control panels. The standard labor cost is set at $20

I need help solving this general accounting question with the proper methodology.

SolarTech Industries manufactures control panels. The standard labor cost is set at $20 per hour, and each unit is expected to take 12 labor hours to produce. In August, the company incurred 880 actual labor hours and paid a total of $16,720 for those hours. What is the labor rate variance for August

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