He 9 Using the following direct labor information. calculate the direct labor fate variance and the direct labor efficiency variance. Indicate Whether cach variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced $ 74 per hour Actual hours of direct labor used 12, 323 12, 820 01 1815 Actual rate of direct labor $ 17 per hour All - Actual Hours SHI - Standard Flours AR - Actual Rate SR - Standard Rate Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Standard Cost Actual Cost