Baltimore Corporation completes Job #405 which has a standard of 450 labor hours at a standard rate of 22.00perhour.Thejobwascompleted in 420hourswithanaverageact uallaborrateof22.00perhour. Thejobwascompletedin420hourswithan averageactuallaborrateof23.50 per hour. What is the labor rate variance? (A negative number indicates favorable variance, positive unfavorable.)

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