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Explain Direct labor cost standard
The setting up of standard labor cost for each product would require:
a) The determination of budgeted fixed overhead for a period
b) Budgeted output in unit or standard hours during the period
c) The number of hors expected to be worked during the period
Z or t Statistics If n ≥30 we use Z, if, n Ho: B = O that is, there is no relationship between X and Y HA: B≠ O There is a significant relationship between X and Y The l
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