James has the following information pertaining to its usage of direct labor in a recent period:

Total direct labor hours worked (AQ)	30,000
Total units manufactured	8,000
Actual wage rate per hour (AP)	$16
Standard cost data:
Wage rate per hour (SP)	$18
Standard hours per unit 4 Required: 1. Calculate the labor efficiency variance for the period. 2. Calculate the labor rate variance for the period.