Use the following cost information to calculate the direct labor rate and efficiency variances and indicate whether they are favorable or unfavorable.
Definitions:
Oxidizing Agent
A chemical substance that can accept electrons from another substance, thereby oxidizing the latter in a redox chemical reaction.
Carbon Monoxide
A colorless, odorless, and tasteless gas that is toxic to humans and animals when encountered in higher concentrations.
Oxygen
A chemical element (O) essential for most forms of life on Earth, critical for cellular respiration in organisms.
Zinc
A chemical element with symbol Zn and atomic number 30, it is a necessary mineral for human health, involved in various biochemical processes.
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