Javonte Co set standards of 3 hours of direct labor per unit of product and $16.40 per hour for the labor rate. During October, the company uses 20,500 hours of direct laborat . $240200 total cost to produce 7000 units of product. In November the company ure: 24.500 hours of direct laborata $407,925 totel cost to produce 7,400 units of product AH = Actual Hours SH = Standard Hours AR - Actual Rate SR = Standard Rate (1) Compute the direct labor rate variance, the direct labor etticlency variance and the total direct labor cost variance for each of these two months. Classify cach varience as favorable ar unfavarzb.c. (2) Javonta investigate uhetes variences of more than 5% of actual direct labor cost. Which decllabot variances will the company Complete this question lay entering your answers in the tabs below. Reguir Required 2 Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor cost variance for each of these two months. Classify cach variance as favorable or unfavorable. (Indicate the effect of each vanance by selecting for favorable, unfavorable, and no variance.) October Actual Coat Standard Coat November Actual Cost Standard Cout Required 1 Required 2 > Javonte Co. set standards of 3 hours of direct labor per unit of product and $16.40 per hour for the labor rate. During October, the company uses 20,500 hours of direct labor at a $340,300 total cost to produce 7,000 units of product. In November, the company uses 24,500 hours of direct labor at a $407,925 total cost to produce 7,400 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor cost variance for each of these two months. Classify each variance as favorable or unfavorable. (2) Javonte investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Javonte investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further? Which direct labor variances will the company investigate further?