Question: The standards for product C 5 4 L specify 5 . 5 direct labor - hours per unit at $ 1 1 . 2 5

The standards for product C54L specify 5.5 direct labor-hours per unit at $11.25 per direct labor-hour. Last month 1,560 units of product C54L were produced using 7,000 direct labor-hours at a total direct labor wage cost of $86,100.
Use the above information to answer questions 4 and 5.
4. What was the labor rate variance for the month? Be sure to include if it is favorable or unfavorable.
5. What was the labor efficiency variance for the month?Be sure to include if it is favorable or unfavorable.

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