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High Fliers Company produces model airplanes. During the month of November, it produced 2,000 planes. The actual labor hours were 7 hours per plane. Its standard labor hours are 10 hours per plane. The standard labor rate is $11 per hour. At the end of November, High Fliers found that it had a favorable labor rate variance of $10,500. Refer to Figure 10-4. What was High Fliers' total labor variance? $61,500 F $76,500 F $76,500 U $61,500 U

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