At the beginning of the year, QP Company had the following standard cost sheet for one of its plastic products. QP planned to produce $500$ units for the year.

Direct materials $(6$ pounds at $$2\mathrm{.}00$ per pound$)$ $$12\mathrm{.}00$

Direct labor $(5$ hours at $$18$ per hour$)90\mathrm{.}00$

Standard prime cost per unit $$102\mathrm{.}00$

QP uses a standard costing system.

During the year, a variable overhead rate of $$4\mathrm{.}50$ per direct labor hour was used.

Actual results:

Actual number of units produced: $470$

Materials purchased: $3,200$ pounds at $$2\mathrm{.}35$ per pound

Materials used in production: $3,040$ pounds

Direct labor: $2,500$ hours at $$17\mathrm{.}50$

Actual variable overhead: $$14,500$

Compute the following variances. Remember to label your answers with an F or U$.$

$1.$ Labor rate variance

$2.$ Labor efficiency variance