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Remaining Time 2 hours, 12 minutes, 38 seconds. * Question Completion Status: The following labor standards have been established for Product D: Amount Description Standard labor hours per unit of output 12 hours Standard labor rate $15.50 per hour The following data pertain to actual operations concerning Product D for the last month: Description Amount Actual hours worked 2.960 hours Actual total labor cost $49.728 Actual output 260 units Question Select Your Answer What is the labor efficiency variance for the month? What is the labor rate variance for the month? The following labor standards have been established for Product D: Description Amount Standard labor hours per unit of output 12 hours Standard labor rate $15.50 per hour The following data pertain to actual operations concerning Product D for the last month: Amount Description Actual hours worked 2,960 hours Actual total labor cost $49,728 Actual output 260 units Question What is the labor efficiency variance for the month? Question 1 Answers - Select One $2,480 favorable $2,480 unfavorable $2,688 favorable $2,688 unfavorable Question 2 Answers - Select One $3,848 favorable $3,848 unfavorable $4,056 favorable $4,056 unfavorable What is the labor rate variance for the month