The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows:
The amount of the direct labor rate variance is
Definitions:
Descriptive Analytics
A type of business analytics that summarize what has happened in the past and allow decision makers to learn from past behaviors.
Deep Analysis
Entails an exhaustive examination and evaluation of data or a situation to gain comprehensive insights and understand complex issues.
Merchandising Databases
Databases specifically designed to support retail activities by storing and managing data related to inventory, sales, and customer interactions.
Dark Analytics
The analysis of unstructured and hidden data not typically used in mainstream data analytics, aiming to uncover insights that are not immediately visible.
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