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M23-20 Significance of Direct Labor Variances The Tomorrow Companys April budget called for labor costs of $192,000. Because the actual labor costs were exactly $192,000,

M23-20

Significance of Direct Labor Variances

The Tomorrow Companys April budget called for labor costs of $192,000. Because the actual labor costs were exactly $192,000, management concluded there were no labor variances.

Required: Comment on managements conclusion.

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