Question: Please help me with this question. Thank you so much! 3 The records of Norton, Inc. show the following for July. Standard labor-hours allowed per
3 The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output 1.2 45 $ Standard variable overhead rate per standard direct labor-hour Good units produced 60,000 Actual direct labor-hours worked 03:58.37 Actual total direct labor 73,600 $2,370,000 $ 48,000 U $3,072,000 Direct labor efficiency variance Actual variable overhead ellook Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Priy Direct labor References Price variance Efficiency variance Variable overhead: Price variance Efficiency variance Mad 2 points
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