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Find an equation for the line with the given properties.
-The solid line contains the point and is perpendicular to the dotted line whose equation is . Give the equation of line in slope-intercept form.
Direct Labor Price Variance
The difference between the expected cost of direct labor and the actual cost incurred.
Standard Hours
The predetermined amount of time expected to be required to complete a task or produce a unit of product under normal conditions.
Actual Rate
Often refers to the real, current exchange rate in currency markets, or the real rate of interest or return on investment.
Quantity Variance
Measures the difference between the actual amount of materials or labor used in production and the amount that should have been used, according to standards.
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