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Indianapolis Insurance Company compares actual results with a flexible budget at periodic intervals. The standard direct labor rates used in the flexible budget are established each year at the time the ted and held constant for the The standard direct labor rates in effect for the current fiscal year and the standard hours allowed for schedule below. INDIANAPOLIS INSURANCE COMPANY STANDARD DIRECT LABOR RATES FOR VARIOUS LABOR CLASSES FOR CURRENT FISCAL YEAR Standard Direct Standard Direct Labor Labor Rate Per HourHours Allowed For Output Labor Class III Labor Class II Labor Class I 10.00 8.50 7.00 750 1,250 are as follows