Feagin Companys actual hours worked were 87,500 at a rate of $7.80 per hour to make 55,000 units of a finished product. The per-unit standard for labor is 1.5 hours @ $7.30 = $10.95. What were the labor rate variance and the labor efficiency variance?

Indicate whether the variance is favorable (F) or unfavorable (U).

Labor rate variance Labor efficiency variance