The following data is given for the Taylor Company: 
Overhead is applied based on standard labor hours.
Compute the direct labor rate and time variances for Taylor Company.
Definitions:
Eta Analysis
A statistical method for measuring the association between qualitative and quantitative variables.
MANOVA
Multivariate Analysis of Variance, a statistical approach used to test the difference between group means on several dependent variables at once.
ANCOVA
Analysis of Covariance, a statistical technique used to adjust the effects of one or more quantitative independent variables while comparing the means of two or more groups.
Path Analysis
A specialized form of multiple regression analysis used to describe the directed dependencies among a set of variables.
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