QS $23-11($Algo$)$ Direct labor rate and efficiency variances LO P$3$

A company reports the following information for its direct labor.

$\backslash$table$[[$Actual hours of direct labor used,$60,000],[$Actual rate of direct labor per hour,$$15],[$Standard rate of direct labor per hour,$$13],[$Standard hours of direct labor for units produced,$61,200]]$

AH $=$ Actual Hours

$SH=$ Standard Hours

$AR=$ Actual Rate

$SR=$ Standard Rate

Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.