Testbank Exercise 3 Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standard wage rate $10. During January, Amos incurred 3.415 hours of direct labor and paid $33,606 in wages in production of 16,500 units. Calculate the direct labor rate and efficiency variances and indicate whether the variances are favorable or unfavorable Direct labor rate variance Direct labor ciency variance Click If you would like to show Work for this question: Open Show Work