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Question - Tiger Company makes a product and uses the following standard unit costs for that product:

Direct material quantity standard - 6 pound per unit

Direct material price standard - $9 per pound

Direct labor time standard - 3.5 hours per unit

Direct labor rate standard - $12 per hour

Variable manufacturing overhead rate standard - $6 per machine hour

Fixed manufacturing overhead rate standard - $5 per machine hour

Machine hours standard - 3 hours per unit

Given the flowing actual cost and usage data, compute the direct labor rate and the direct labor efficiency variances.

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