A corporation makes and sells garden fertilizer called Super grow. The company has developed standard costs for each bag of Supergrow as follows: Direct material: 2 pounds per bag at a standard costs of $3 per pound Direct Labor: 0.2 hours per bag at a standard hourly rate of $ 10 For March, the following activity was incurred: Production of Super grow: 10.000 bag Purchase of direct materials: 22.000 lbs at $2.95 per pound Materials used in production: 19.000 lbs Direct labor worked: 2, 100 hours at a cost of $20, 475 ($9.75 Per hour) What is the direct labor rate variance and direct labor efficiency variance? Rate variance $525 favorable and efficiency variance $1,000 unfavorable Rate variance $525 unfavorable and efficiency variance $1,000 favorable Rate variance $975 favorable and efficiency variance $500 unfavorable Rate variance $975 unfavorable and efficiency variance $500 favorable