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The Standards for Product G78V Specify 4

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The standards for product G78V specify 4.1 direct labor-hours per unit at $12.10 per direct labor-hour. Last month 1,600 units of product G78V were produced using 6,600 direct labor-hours at a total direct labor wage cost of $77,220.Required:a. What was the labor rate variance for the month?b. What was the labor efficiency variance for the month?


Definitions:

Social Concerns

Issues related to the well-being and equitable treatment of society at large, including topics like poverty, education, and public health.

Demographic Trends

Observed patterns in the demographic characteristics of populations over time, including changes in age, income, migration, and family structure.

Knowledge Workers

Workers whose responsibilities extend beyond the physical execution of work to include planning, decision making, and problem-solving.

Trend Analysis

The practice of collecting data and attempting to spot a pattern, or trend, in the data.

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