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QS 21-11 (Algo) Direct labor rate and efficiency variances LO P3 A company reports the following intormation for its direct labor: AH= Actual Hours SH

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QS 21-11 (Algo) Direct labor rate and efficiency variances LO P3 A company reports the following intormation for its direct labor: 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

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