Arctic Enterprises, Inc. freezes water into ice. The standard and actual costs for direct labor for the manufacture of 2,000 tons of ice are: Which is true of the direct labor time and direct labor rate variances? The direct labor time variance is favorable: the direct labor rate variance is unfavorable. The direct labor time variance is unfavorable: the direct labor rate variance is favorable. Both are favorable. Both are unfavorable. A company budgeted for 1,000 units, and produced 1, 100 instead. Standard direct tabor hours for 1,000 units are 50 Standard direct labor hour 1, 100 units are 55. Fixed factory overhead is applied at the pre-determined rate of $8 per direct labor hour. Actual fixed factory overhead is $40.5. What is the amount and nature of the fixed factory overhead volume variance