Chapter 8 Homework Saved He 3 A company reports the following information for its direct labor. 1 points 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 68,000 $ 14 $ 12 69,800 AH - Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Book Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable. Hint Actual Cost Standard Coat Print References