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At Sipacore, the standard quantity of labor is $24$ hours per refrigeration unit. The standard wage rate is $$34.$ In July, the company produced $79$ refrigeration units and incurred $2,120$ labor hours at a cost of $$74,200.$

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$.14\mathrm{.}37$ and final answers to $0$ decimal places, e$.$g$.125.$ Enter all variances as a positive number.$)$

Labor Rate Variance

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Labor Efficiency Variance

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