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A company's standard direct labor cost to produce one unit of a product is 10 hours at $26 per hour. During a period, 8,000 units

A company's standard direct labor cost to produce one unit of a product is 10 hours at $26 per hour. During a period, 8,000 units were produced with actual direct labor costs amounting to $176,000. Analyze the labor rate variance and labor efficiency variance separately, identifying the factors influencing labor cost variations and productivity levels.

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