Question: QS 2 1 - 1 1 ( Algo ) Direct labor rate and efficiency variances LO P 3 A company reports the following information for

QS 21-11(Algo) Direct labor rate and efficiency variances LO P3
A company reports the following information for its direct labor.
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.
QS 21-11(Algo) Direct labor rate and efficiency variances LO P3 A

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