Exercise 21-16 (Algo) Computing and analyzing direct labor variances LO P3 Javen Company set standards of 3 hours of direct labor pet unit at a rate of $16.40 per hout. During October, the company actually uses 20,500 hours of direct labor at a $340,300 total cost to produce 7,000 units. In November, the company uses 24,500 hours of direct labor at a $407,925 total cost to produce 7,400 units of product. AH=ActualHoursSH=StandardHoursAR=ActualReteSR=StandardRate (9) Compute the direct labor rate variance, the direct labor efficiency varlance, and the total direct labor variance for each of these two months. (2) Javon investigates varlances of more than 5% of actual direct labor cost. Which direct labor variances wa the company investigate further? Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor vanance for each of these two months. (indicatie the effect of each varience by pelecting favorebie, unfavoreble, or no variance.)