Exercise 21-16 (Algo) Computing and analyzing direct labor variances LO P3 Javon Company set standards of 3 hours of direct labor per unit at a rate of $16.40 per hour. 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 Actual Hours SH AR Standard Hours Actual Rate SR Standard Rate (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. (2) Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. (Indicat effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost October < Prex 13 of 14 Nog > Standard Cost (2) Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investiga further? Complete this question by entering your answers in the tabs below. es Required 1 Required 2 Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two month effect of each variance by selecting favorable, unfavorable, or no variance.) October Actual Cost Actual Cost November " Standard Cost Standard Cost ces Actual Cost Actual Cost October Standard Cost November Repulted 2 Prev 13 of 14 21 Mavr Standard Cost