Acme Company's production budget for Augustis 19,100 units and includes the following component unit costs: direct materials $9.00, direct labor. $11.50, variable overhead, $5.00. Budgeted fixed overhead is $48,000. Actual production in August was 21,942 units. Actual unit component costs incurred during August include direct materials, $10.00, direct labor. $1100. variable overhead, $7.00. Actual fixed overhead was $51,100. The standard direct labor cost per unit consists of 0.5 hour of labor time at $23 per hour During August, $241,362 of actual labor cost was incurred for 9.540 direct labor hours. Required: Calculate the labor rate variance and labor efficiency variance for August (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., Eero variance).) Labor rate variance Labor efficiency variance The Foster Insurance company developed standard times for processing claims. When a claim was received at the processing center it was first reviewed and classified as simple or complex. The standard time for processing was Simple clain Complex claim 45 minutes 3 hours Employees were expected to be productive 8.5 hours per day. Compensation costs were $94 per day per employee. During April which had 21 working days, the following number of claims were processed: Simple claims Complex claims 3,158 processed 620 processed Required: a. Calculate the number of workers that should have been available to process April claims. (Do not round Intermediate calculations.) b. Assume that 26 workers were actually available throughout the month of April. Calculate a labor efficiency variance expressed as both a number of workers and a dollar amount for the month. (Round "Efficiency variance, In number of workers" to nearest whole number. Use the rounded number in subsequent calculations. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance).) a Number of workers b. Emcency variance, in number of workers Emo ency varance in dollar amount