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The following information describes a company's direct labor usage in a recent period. AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Compute the direct labor rate and efficiency variances for the period

image text in transcribed The following information describes a company's direct labor usage in a recent period. AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance

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