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The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13.00 per hour. Compute the labor rate variance.
Volcanic Eruption
A volcanic eruption is a geologic event during which magma (lava), gases, and ash are expelled from a volcano's vent to the surface.
Meteorite
A fragment of a meteoroid that has fallen to a planetary surface.
Dried Up
Refers to something that has lost all its moisture.
Natural Stain
A discoloration or marking often found on materials, caused by the chemical or physical reaction of a natural substance.
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