Help The following labor standards have been established for a particular product: 4.4 hours s 20.20 per hour Standard labor hours per unit of output Standard labor rate The following data pertain to operations concerning the product for the last month: 7,000 hours Actual hours worked Actual total labor cost Actual output 142,100 1,500 units Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "No (i.e., zero variance). Input all amounts as positive values.) a. Labor rate variance b. Labor efficiency variance FS F7 F8 F1o 4