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Ortman Corporation makes a product with the following standard costs: The company reported the following results concerning this product in May. The company applies variable

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Ortman Corporation makes a product with the following standard costs: The company reported the following results concerning this product in May. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for May is: $112 F $112 U $109 F $109 U

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