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Assume the labor rate variance is $400 unfavorable and the labor efficiency variance is $200 favorable. Given these assumptions, which of the following statements is
Assume the labor rate variance is $400 unfavorable and the labor efficiency variance is $200 favorable. Given these assumptions, which of the following statements is true?
Multiple Choice
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The labor spending variance must be $600 favorable.
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The labor spending variance must be $600 unfavorable.
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The labor spending variance must be $200 favorable.
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The labor spending variance must be $200 unfavorable.
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