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AtPage, the standard quantity of labor is22hours per refrigeration unit. The standard wage rate is $34. In July, the company produced75refrigeration units and incurred2,120labor hours at a cost of $67,840.

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 $

select an option

Favorable, Neither Unfavorable nor Favorable or Unfavorable

Labor Efficiency Variance $

select an option

Favorable, Neither Unfavorable nor Favorable or Unfavorable