10:57 5G + Unit VII Lab Assignment 5 of 7

10:57 k- unit VII Lab Assignment 50f7 View policies Current Attempt in progress -110 The standard labor cost in the production of a pair of Covington Brand athletic shoes is 0.40 hours at $13.00 per hour. During the June. 25820 pairs were produced. Actual labor costs were $101,520 for 8,460 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 O decimal places. e.g. 125. Enter all variances as a positive number.) LaEXJr Rate Variance Labor Efficiency Variance Save tor Later Attempts: O of 1 used a education.wiley.com