At Vermillion, the standard quantity of labor is 25 hours per refrigeration unit. The standard wage rate is $36. In July, the company produced 83 refrigeration units and incurred 2,100 labor hours at a cost of $65,100.

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

$enter labour rate variance in dollar amount

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Labor Efficiency Variance

$enter labour efficiency in dollar amount

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