Question 5 of 7 > - / 10 E View Policies Current Attempt in Progress The standard labor cost in the production of a pair of Cato Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 26,090 pairs were produced. Actual labor costs were $123,750 for 8,250 hours. Compute the labor rate and labor efficiency variances for the month of June. (Round actual wage rate to 2 decimal places, e.g. 15.25 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