Advanced Micro Devices develops computing products. Assume one of its processors, Ryzen 9, has a standard labor time of 0.20 hour and a standard labor rate of $20 per hour. During July, the following activities pertaining to direct labor for Ryzen 9 were recorded: Direct labor hours used 64,000 Direct labor cost $1,267,200 Units of Ryzen 9 manufactured 310,000

1. Calculate the direct labor rate variance.

2. Calculate the direct labor efficiency variance

Note: If the variance is Unfavorable, type a minus sign - in front of your answer. For example: if variance is $1,000 Unfavorable, type -1,000 (no spaces).