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amounts to the nearest whole dollar. Label the variance as favorable $($F$)$ or unfavorable $(U)$ in the input field after the amount you enter. Abbreviations used: $DL=$ Direct labor.$)$

Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor.

Standard Price and Volume

Actual Results

Compute the direct labor rate variance and the direct labor efficiency variance.

What is the total variance for direct$$ labor?

Who is generally responsible for each$$ variance?

Interpret the variances.