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McDonald's Corporation set standard labor hours per unit at 2 hours, with a standard labor rate of $12 per hour. During the month, 5,000 units

  1. McDonald's Corporation set standard labor hours per unit at 2 hours, with a standard labor rate of $12 per hour. During the month, 5,000 units were produced, requiring 10,000 labor hours at an actual rate of $11.50 per hour. Calculate the direct labor rate variance and the direct labor efficiency variance.

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