Question: In the direct labor variance matrix, there are three factors: (1) Actual hours Actual rate, (2) Actual hours Standard rate, and (3) Standard

In the direct labor variance matrix, there are three factors:
(1) Actual hours × Actual rate,
(2) Actual hours × Standard rate, and
(3) Standard hours × Standard rate.
Using the numbers, indicate the formulas for each of the direct labor variances.

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