Tangerine Inc.produces plastic grocery bags.Tangerine has developed a static budget for the month of July based on 9,000 direct labor hours.During the quarter, the actual activity was 10,000 direct labor hours.Data for July are summarized as follows:

Comparing the static budget to the actual costs, we can conclude that:

Question

Tangerine Inc.produces plastic grocery bags.Tangerine has developed a static budget for the month of July based on 9,000 direct labor hours.During the quarter, the actual activity was 10,000 direct labor hours.Data for July are summarized as follows: ​
​
 ​
Comparing the static budget to the actual costs, we can conclude that:

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