Question: Please answer this question correctly, thanks I will leave a like! Pharoah, Inc. uses a standard cost system with the following labor standards for one

Please answer this question correctly, thanks I will leave a like!

Pharoah, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.20 and standard wage rate $12. During January. Pharoah incurred 3,880 hours of direct labor and paid $47,530 in wages in production of 18,600 units. Calculate the direct labor rate and efficiency variances and indicate whether the variances are favorable or unfavorable

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