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Georgia Inc. prepared a static budget for production of 20,000 units, which included an estimated $100,000 for direct labor. In the actual production of 24,000

Georgia Inc. prepared a static budget for production of 20,000 units, which included an estimated $100,000 for direct labor. In the actual production of 24,000 units, $118,000 of direct labor were incurred.

1. Compared to a flexible budget, what is the spending variance for the period?

2. Compared to a flexible budget, what is the activity variance for the period?

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