7 Javonte Co. set standards of 3 hours of direct labor per unit of product and $16.00 per hour for the labor rate. During October, the company uses 19,200 hours of direct labor at a $311,040 total cost to produce 6,600 units of product. In November, the company uses 23,200 hours of direct labor at a $377,000 total cost to produce 7,000 units of product. 3 points AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate eBook Co Hint (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor cost variance for each of these two months. Classify each variance as favorable or unfavorable. (2) Javonte investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further