1) Annapolis Company completes job #601 which has a standard of 640 labor hours at a standard rate of $18.90 per hour.The job was completed in 650 hours and the average actual labor rate was $19.90 per hour.What is the labor rate variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

2) Annapolis Company completes job #601 which has a standard of 600 labor hours at a standard rate of $19.40 per hour.The job was completed in 550 hours and the average actual labor rate was $18.40 per hour.What is the labor efficiency (quantity) variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.