For the stamping department of a manufacturing firm, the standard cost for direct labor is $12 per hour, and the production standard calls for 2,000 stampings per hour. During February, 121 hours were required for actual production of 230,000 stampings. Actual direct labor cost for the stamping department for February was $1,573.

1. Complete the following performance report for February.

	Flexed Budget	Actual	Variance
Direct Labor

1. Calculate the direct labor efficiency and rate variances for February.

Direct Labor efficiency variance
Direct Labor rate variance