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PLEASE SOLVE IT QUICKLY! A company reports the following information for its direct labor. 3 Actual hours of direct labor used Actual rate of direct

PLEASE SOLVE IT QUICKLY!

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A company reports the following information for its direct labor. 3 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 70,000 $ 15 $ 13 71,200 01:49:08 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable. Actual Cost Standard Cost

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