AtCato, the standard quantity of labor is23hours per refrigeration unit. The standard wage rate is $35. In July, the company produced73refrigeration units and incurred2,030labor hours at a cost of $69,020.

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.)

What is the Labor Rate Variance $ ___________________ (Favorable/ Neither/ Unfavorable)

What is the Labor Efficiency Variance $_______________(Favorable/ Neither/ Unfavorable)