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Coca-Cola assesses standard costing with 12,000 actual labor hours and $180,000 actual labor cost. Requirements: Calculate the direct labor rate variance. Calculate the direct labor

Coca-Cola assesses standard costing with 12,000 actual labor hours and $180,000 actual labor cost.
- Requirements:
  - Calculate the direct labor rate variance.
  - Calculate the direct labor efficiency variance.
  - Prepare a variance analysis report.
  - Recommend strategies to manage labor costs.

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