QS 21-11 Direct labor variances LO P3 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) 71,000 bok Actual direct labor rate per hour (AR) $ 14 Standard direct labor rate per hour (SR) $ 12 nt Standard direct labor hours for units produced (SH) 72,800 int ences AH = Actual Hours SH = Standard Hours AR Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance. Actual Cost Standard Cost Che