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Jason decides not to cheat on an exam since he considers himself a morally reasonable person and the action of cheating on exams will undermine the value of degrees issued by his educational institution.Name and explain the ethical system Jason has used to make this decision.
Labor Rate Variance
The variance between the real hourly wage workers receive and the anticipated or usual wage rate, when multiplied by the total hours of work.
Labor Efficiency Variance
The variance between the real hours spent working and the anticipated standard hours, times the normal wage rate.
Standard Hours
The predetermined amount of time expected to complete a task or produce a unit of product under normal conditions.
Actual Output
The real quantity of goods or services produced by a company during a specific period.
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