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Chhom Corporation makes a product whose direct labor standards are 0.8 hours per unit and $31 per hour. In November the company produced 7,500 units using 5,500 direct labor-hours. The actual direct labor cost was $115,500. Problem 1: The labor efficiency variance for November is:
Multiple Choice Option 1: -$70,500. F
Option 2: -$15,500. F
Option 3: -$15,500. U
Option 4: -$70,500. U
What specific characteristics or features we expect to witness in managerial accounting information?
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