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check and answer Required information [The following information applies to the questions displayed belowj A manufactured product has the following information for June Standard Actual
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Required information [The following information applies to the questions displayed belowj A manufactured product has the following information for June Standard Actual Direct materials Direct labor Overhead Units manufactured (6 lbs. $8 per lb.) (3 hrs. $16 per hr.) (3 hrs. $12 per hr.) 46,100 1bs. 22,600 hrs. $8.10 per lb $16.50 per hr. $278,900 7,600 AH- Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost AH SR SH AR AH ARStep by Step Solution
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