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7. The following data relate to direct labor costs for the current period for 4,000 units produced: Standard costs 8.000 hours at $6 Actual costs

7. The following data relate to direct labor costs for the current period for 4,000 units produced: Standard costs 8.000 hours at $6 Actual costs 8,500 hours at $5 What is the direct labor rate variance? What is the labor time variance

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