Chhom Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. In November the company produced 7,350 units using 5,380 direct labor-hours. The actual direct labor cost was $112,980. The labor efficiency variance for November is:

Draw, label and explain the circular flow model (cfm). include the following: firms, households, product market, and factor (or resource) market.who owns the productive resources? what are those resources? what payment does each type of resource earn? explain the two markets in the cfm and explain the roles that firms and household each play in the cfm.