7 The following information describes a company's direct labor usage in a recent period. 125 points Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 73,800 $ 15 $ 13 74,700 eBook AH = Actual Hours SH - Standard Hours AR = Actual Rate SR = Standard Rate Hint Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable Print Actual Cost Standard Cost References