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Using the Labor Time Standard of 0 A) $4,500 (U)
B) $4,500 (F)
C) $3,960 (F)
D)

question 10

Multiple Choice

Using the labor time standard of 0.5 labor hour per unit and a labor cost standard of $10 per labor hour for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct labor rate variance.  Direct labor hours used 4,950 hours  Total cost of direct labor $53,460 Number of good units prochuced 9,000 units \begin{array}{ll}\text { Direct labor hours used } & 4,950 \text { hours } \\\text { Total cost of direct labor } & \$ 53,460 \\\text { Number of good units prochuced } & 9,000 \text { units }\end{array}

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Definitions:

Complete Portfolio

A diversified collection of investment assets that covers a wide range of asset classes and investment vehicles, aiming to reduce risk through diversification.

Risky Assets

Assets that come with a higher degree of investment risk, typically with the potential for higher returns.

Standard Deviation

A statistical measure of the dispersion or variability in a dataset, commonly used in finance to quantify the risk associated with an investment's return.

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