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The flowing information describes a companys usage of direct labor in a recent period: Actual hours used 23,500 Actual rate per hour $15 Standard rate

The flowing information describes a companys usage of direct labor in a recent period:

Actual hours used 23,500

Actual rate per hour $15

Standard rate per hour $14

Standard hours for units produced 22,000

The direct labor quantity variance is:

The direct labor price variance is

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