A company reports the following information for its direct labor. Actual hours of direct labor used (AH) 56,000 Actual rate of direct labor per hour (AR) $ 15 Standard rate of direct labor per hour (SR) $ 13 Standard hours of direct labor for units produced (SH) 57,000 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable