The following direct labor standards have been established for product W88V:
The following data pertain to last month's operations: 
Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
Definitions:
Transitive Inference
Understanding the relationship between two objects by knowing the relationship of each to a third object.
Divergent Thinking
A type of creative thinking that involves generating multiple unique solutions to a problem.
Mnemonic
A tool or strategy designed to assist in remembering information, such as a rhyme or an acronym.
Concrete Operational
A stage in Piaget's theory of cognitive development where children aged 7-12 years can logically think about concrete events.
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