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The standards for product C54L specify 4.5 direct labor-hours per unit at $12.40 per direct labor-hour.Last month 1,560 units of product C54L were produced using 7,000 direct labor-hours at a total direct labor wage cost of $86,100.
Required:
a.What was the labor rate variance for the month?
b.What was the labor efficiency variance for the month?
Unjust Social System
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The modern phase of capitalism characterized by technological innovation, global trade, and often, the dominance of financial markets and multinational corporations.
Hegemony
The dominance of one group over others, often seen in cultural, economic, or political contexts, where the dominant group's values and norms are widespread and accepted as the status quo.
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