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Figure 14-1 The Circulation of Cerebrospinal Fluid
Use Figure 14-1 to answer the following questions:
-Identify the structure labeled "1."
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours allowed for the actual production, multiplied by the standard labor rate.
Labor Rate Variance
The difference between the actual costs of labor and the expected (or standard) costs, based on the standard labor rate.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate, highlighting efficiency in labor.
Standard Direct Labor
The predetermined cost of labor that is directly involved in the production of goods.
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