Company ways drect labore incent accounting period. Use the information below Actual de labor hours used 700 Actual direct laborate per hour $10 Standard direct labor hours 500 Standard direct laborate per hour $7 Compute the total cost variance, or actual costess standard cost dentify whether its favorable or unfavorable Computer the directorate ce arance Identity whether a favorable or unfavorable Compute the direct labor efficiency quantityl variance. Identify whether it is favorable or unfavorable