Answer:
$5.20 = Standard Rate of Labor Rate per hour.
Explanation:
Provided that,
Standard Direct Labor Hours = 50,000
Actual Direct Labor Hours = 49,000
[tex]Direct \ Labor\ Efficiency\ Variance = (Standard\ Hours - Actual\ Hours) \times Standard\ Rate[/tex] = $5,200 Favorable
Here, putting values in above
$5,200 = (50,000 - 49,000) [tex]\times[/tex] Standard Rate
$5,200 = 1,000 [tex]\times[/tex] Standard Rate
$5.20 = Standard Rate of Labor Rate per hour.