Which of the following is an example of an industrial economy?

A) Japan
B) China
C) Vietnam
D) India
E) North Korea


A

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Indicate whether the statement is true or false

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Elliott Corporation makes and sells a single product. Last period the company's labor rate variance was $14,400 U. During the period, the company worked 36,000 actual direct labor-hours at an actual cost of $338,400. The standard labor rate for the product in dollars per hour is:

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