At Richetti, the standard quantity of labor is 24 hours per refrigeration unit. The standard wage rate is $34. In July, the company produced 82 refrigeration units and incurred 2,110 labor hours at a cost of $69,630.

Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable.(Round intermediate calculations to 2 decimal places, e.g. 14.37 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.)

Labor Rate Variance

$

Labor Efficiency Variance

$

Are the above favorable, neutral, or unfavorable?