Exercise 5 Lunch Co. makes sandwiches for convenience stores. Last month, it made 17500 sandwiches using 700 direct labor hours. It paid its employees a total of $5670. According to company standards, employees should make 20 sandwiches per hour and be paid $9 per hour. What is the actual labor rate? What is the standard hours allowed for the number of sandwiches made? What is the amount of labor rate (price) variance ? Is the LRV favorable or unfavorable? What is the amount of labor efficiency (quantity) variance? Is the LEV favorable or unfavorable