Univariate techniques can be classified based on whether the data are metric or nonmetric

Minmax Co.'s direct labor information for February is as follows:

Direct labor hours worked (AQ) 33,600 Standard direct labor hours for units manufactured (SQ) 35,000 Unfavorable direct labor rate variance$11,760 Total payroll for direct labor$470,400 The standard direct labor rate per hour (SP) (to two decimal places) for February was:

Critical thinking and judgment skills are not necessary for accountants because technology has made the activities routine

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