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QS 2 3 - 1 1 ( Algo ) Direct labor rate and efficiency variances LO P 3 A company reports the following information for

23 - 11 (

Algo

)

Direct labor rate and efficiency variances LO P

3

A company reports the following information for its direct labor.

A H =

Actual Hours

S H =

Standard Hours

A R =

Actual Rate

=

Standard Rate

Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.

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