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Which of the following is a correct use of abbreviations for the laboratory data shown? Laboratory Data: white blood count: 6,200 (20 neutrophils, 2 bands, 10 lymphocytes, 1 mono, 67 lymphoblasts) ; hemoglobin 10.1, hematocrit 30.6, platelet count 54,000.
Direct Labor Rate
The cost per hour for direct labor, which includes wages of workers who are directly involved in the production of goods.
Efficiency Variances
Represents the difference between the actual input costs and the standard input costs anticipated for the production achieved.
Sales Price Variances
The difference between the actual price at which goods or services are sold and the expected (standard) sale price.
Sales Volume Variances
This is the difference between the actual sales volume and the budgeted sales volume, affecting revenue and expense projections.
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