Actual direct materials used	18,000 pounds at $5.05 per pound
Actual direct labor used	18,635 hours at $39 per hour
Actual units produced	34,000
Standard quantity and price per unit for direct materials	0.50 pound at $5.00 per pound
Standard quantity and rate per unit for direct labor	0.50 hour at $40 per hour

AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

Compute the direct labor rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

Actual Cost								Standard Cost