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ToolTime has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, ToolTime used 3,850 hours of labor at a total cost of $46,970. ToolTime's labor quantity variance is
Plastic Tape
A flexible adhesive material used for binding, sealing, or marking items, available in various widths and strengths.
Hinged Instruments
Surgical tools that have a pivot or a joint, allowing them to open and close, typically used in procedures requiring precision and control.
Coagulation
The process by which blood changes from a liquid to a gel, forming a blood clot.
Microorganisms
Tiny living organisms, such as bacteria, viruses, fungi, and protozoa, that can only be seen under a microscope.
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