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At the beginning of last year, Creative Productions set direct labor standards of 2 hours at $25 per hour for each product. During the year,
At the beginning of last year, Creative Productions set direct labor standards of 2 hours at $25 per hour for each product. During the year, $1,700 direct hours were actually worked at an average cost of $26 per hour. Using this information and the applicable information in question E6A, calculate the company's direct labor rate and efficiency variances for the year.
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