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2. Compute the labor rate and efficiency variances for the month. (Indicate the effect of each variance by selecting F for favorable, U for unfavorable,

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2. Compute the labor rate and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct labor rate variance Direct labor efficiency variance

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