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Fabiano Corporation makes a product whose direct labor standards are 0.5 hours per unit and $23.00 per hour. In February the company produced 3,300 units using 1,640 direct labor-hours. The actual direct labor cost was $38,540.
-The labor efficiency variance for February is:
Intentional Tort
A wrongful act done on purpose that causes harm to someone else, for which the law allows a civil lawsuit.
Common Law
A legal system based on court precedents and customs rather than statutory laws.
Act was Intentional
Describes a situation where an individual's actions are deliberate and purposeful, rather than accidental or negligent.
Passing-Off
A legal misrepresentation where one entity falsely markets its goods or services as those of another, leading to consumer confusion.
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