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The standards for product F88W specify 3.4 direct labor-hours per unit at $13.00 per direct labor-hour. Last month 800 units of product F88W were produced using 2,500 direct labor-hours at a total direct labor wage cost of $30,500.
Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
Syndrome
A cluster of symptoms that usually occur together.
Naturalistic Observation
A research method in which subjects are observed in their natural environment without any manipulation by the observer.
American Psychiatric Association
A professional organization of psychiatrists dedicated to the diagnosis, treatment, prevention, and research of mental illnesses.
DSM-5
The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a publication by the American Psychiatric Association that classifies and provides criteria for the diagnosis of mental disorders.
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