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12. A company reports the following information for its direct labor. Actual hours of...

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Accounting

12. A company reports the following information for its direct labor.
Actual hours of direct labor used
Actual rate of direct labor per hour
Standard rate of direct labor per hour
Standard hours of direct labor for units produced
AH= Actual Hours
SH= Standard Hours
AR = Actual Rate
SR= Standard Rate
Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.
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