Question: Please provide the solution to this general accounting question using proper accounting principles. XYZ Company manufactures custom bicycles. The company has the following data for

Please provide the solution to this general accounting question using proper accounting principles.

XYZ Company manufactures custom bicycles. The company has the following data for the production of 10,000 bicycles: + Standard direct labor rate: $20 per hour + Actual direct labor rate: $22 per hour + Standard direct labor time per bicycle: 2 hours Actual direct labor hours worked: 22,000 hours Calculate the direct labor rate variance

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