Question: The standard hours for direct labor is 0.50 per unit. The standard cost per hour is $26. The company manufactured 2,000 products, and spent

The standard hours for direct labor is 0.50 per unit. The standard

The standard hours for direct labor is 0.50 per unit. The standard cost per hour is $26. The company manufactured 2,000 products, and spent $22,610 for the 952 actual hours. Required: Calculate the direct labor rate, efficiency, and spending variances. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your intermediate calculations to 2 decimal places. Direct Labor Rate Variance Direct Labor Efficiency Variance Total Direct Labor Spending Variance

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