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Direct labor efficiency variance

Direct labor rate variance

Direct materials price variance

Direct materials quantity variance

Total direct labor variance

Total direct materials variance

Total variable overhead cost variance

Variable overhead efficiency variance

Variable overhead spending variance

Volume variance

A company reports the following information for its direct labor. AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable