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6. A company has established 3 direct labor hours at $12.50 per hour as the standard for the labor in its Product A. The company

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6. A company has established 3 direct labor hours at $12.50 per hour as the standard for the labor in its Product A. The company has just produced 1,000 units of this product, using 3,250 direct labor hours at a total cost of $42,250. Required: Calculate the direct labor rate and efficiency variances and total direct labor cost variance. Indicate if each variance is favorable or unfavorable

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