Selzer & Hollinger, a low-cost legal firm, has set time standards for each of the two basic legal services it offers, which include the following:

Over the past month, Selzer & Hollinger has handled 35 business incorporations and 25 wills.
Actual hours and costs follow:

Required
a. Calculate the labor rate and labor efficiency variances for attorneys doing business incorporations.
b. Calculate the labor rate and labor efficiency variances for attorneys preparing wills.
c. Calculate the labor rate and labor efficiency variances for paralegals assisting with business incorporations.
d. Calculate the labor rate and labor efficiency variances for paralegals assisting withwills.

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Attorney Time Business incorporation 2 hours 1 hour $150 per hour $150 per hour Paralegal Time 3 hours @ $30 per hour 2 hours @ $30 per hour Will preparation Costs of Attorneys 82 hours@ $160 average attorney cost per hour 24 hours $155 average attorney cost per hour Costs of Paralegals 115 hours $28 average paralegal cost per hour 56 hours @ $30 average paralegal cost per hour Business incorporation Will preparation