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A company reports the following information for its direct labor . 7 2 , 0 0 0 $ 1 5 $ 1 3 7 3

A company reports the following information for its direct labor

. 72, 000

15

1373, 700

=

Actual HoursSH

=

Standard HoursAR

=

Actual RateSR

=

Standard RateCompute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.

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