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Exercise 10-10 Direct Labor Rate and Efficiency Variances

The Woods Enterprises prepared the followingstandard costsfor the production of one stuffed bear:

Actual production costs for the production of 1,000 stuffed bears required 1,750 pounds of stuffing at a cost of $1.95 per pound and 1,950 labor hours at $15.25 per hour.

Required:

If required, round your answers to the nearest cent. Enter all amounts as positive numbers.

A. Calculate the direct labor rate variance. $SelectFavorableUnfavorableItem 2

B. Calculate the direct labor efficiency variance. $SelectFavorableUnfavorable