Boldrin Inc.has a standard cost system.The standards for direct labor for one of its products specify 0.20 hours per unit at $18.70 per hour.The company has reported the following actual results for the product for August:
Required:
a.Compute the labor rate variance for August.
b.Compute the labor efficiency variance for August.
Definitions:
Lipoproteins
Molecules made of protein and fat that transport fats around the body in the extracellular fluid.
Plasma Membranes
A dual lipid layer enveloping the cell's cytoplasm, responsible for managing substance movement into and out of the cell.
Cell-mediated Immunity
A branch of the immune response that involves the activation of T-cells to fight off intracellular pathogens and cancer cells.
Cytotoxic T Cells
Immune cells that kill cancer cells, cells that are infected (particularly with viruses), or cells that are damaged in other ways.
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