Question 4 of 7 - / 10 WN - E View Policies Current Attempt in Progress At Crown Point, the standard quantity of labor is 22 hours per refrigeration unit. The standard wage rate is $33. In July, the company produced 82 refrigeration units and incurred 2,150 labor hours at a cost of $75,250. Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable. (Round intermediate calculations to 2 decimal places, e.g. 14.37 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.) Labor Rate Variance Labor Efficiency Variance $ eTextbook and Media Save for Later Attempts: 0 of 1 used Submit