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DT Co.produces picture frames.It takes 3 hours of direct labor to produce a frame.DT's standard labor cost is $11 per hour.During March,DT produced 4,000 frames and used 12,400 hours at a total cost of $133,920.
a.What is DT's labor rate variance for March?
b.What is DT's direct labor efficiency variance for March?
c.Record the labor costs and the variances for DT.
Groupthink
A phenomenon in social gatherings where the quest for accord or conformity fosters the development of decisions that are unsound or maladaptive.
Critical Ideas
Fundamental concepts or opinions that are considered important for understanding or analyzing a particular field or phenomena.
Group Members
Individuals who belong to a specific group or team, sharing common goals, interests, or characteristics.
Motivation Loss
The reduction in individual drive or incentive to perform a task, often occurring in group settings due to various factors.
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