Use the following data to find the direct labor efficiency variance. Include also if it's...

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Accounting

Use the following data to find the direct labor efficiency variance. Include also if it's favorable or unfavorable.

Direct labor standard (4.0 hrs.@ $ 7/hr.) $28per finished unit
Actual hours worked per unit 3.5 hrs
Actual units produced 4,500 units
Actual rate per hour $7.25

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