Escuchar Products, a producer of DVD players, has established a labor standard for its productdirect labor: 1 hrs at $8.90 per hour. During January, Escuchar produced 14,300 DVD players. The actual direct labor used was 13,740 hours at a total cost of $124,347.

	Required: Be sure to read the instructions on each panel for additional guidance.
1.	Compute the labor rate and efficiency variances.
2.	Prepare journal entries on Jan. 31 for all activities relating to labor.