Bibber Inc. manufactures specialty electronic panels through a unique automated process. One of the primary products, Model PC$45,$ has a standard labor time of $0\mathrm{.}4$ hour and a standard labor rate of $$25\mathrm{.}00$ per hour.

During November, the following activities pertaining to direct labor for PC$45$ were recorded:

Direct labor hours used: $1,750$

Direct labor cost incurred: $$46,375$

Units of PC$45$ manufactured: $5,000$

The Labor rate variance and Labor efficiency variance are:

Group of answer choices

Labor rate variance $$43,724$ UF$,$ Labor efficiency variance $$(50,000)$ F

Labor rate variance $$(2,625)$ F$,$ Labor efficiency variance $$6,250$ UF

Labor rate variance $$(43,724)$ F$,$ Labor efficiency variance $$50,000$ UF

Labor rate variance $$2,625$ U$,$ Labor efficiency variance $$(6,250)$ F