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Accurate Tax Returns Budgets Two Direct Labor Hours for Every

question 93

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Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares,at a standard cost of $32 an hour.During the most recent year,500 returns were completed with the labor cost totaling $18,000.The actual labor cost was $36 per hour during that period.The actual number of labor hours was 1,000.What was the direct labor cost variance?


Definitions:

Classical Conditioning

Classical conditioning is a learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Pavlov's dogs experiment.

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, elicits a conditioned response.

Red Flowers

Refers to flowering plants that produce blossoms with red pigmentation, often attracting pollinators like birds and bees through their color.

Fear

An emotional response to a perceived threat or danger, often resulting in a desire to flee or fight.

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