A company reports the following information for its direct labor. Actual hours of direct labor used 75,000 Actual rate of direct labor per hour $ 16 Standard rate of direct labor per hour $ 14 Standard hours of direct labor for units produced 76,600 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.

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Check my work A company reports the following information for its direct labor. Actual hours of direct labor used Actual rate of direct labor per hour Standard rate of direct labor per hour Standard hours of direct labor for units produced 75,000 $ 16 $ 14 76,600 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable. Actual Cost Standard Cost