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Use the following information to answer the following Questions
Airon Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the firm $480,000. According to manufacturing specifications, each unit should have required 3 hours of labor time at $15.40 per hour.
-On the basis of this information, determine Airon's total labor variance.
Rate of Return
The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.
Annual Dividend
The total amount of dividend that a company pays to its shareholders in a year.
Rate of Return
A financial metric expressing the percentage of profit or loss on an investment over a specific period, serving as a key indicator of investment efficiency.
Dividends Reduction
A decrease in the amount of dividends distributed to shareholders, often indicating a change in the company's profit distribution policy or financial health.
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