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Labor Variances Data on Goodman Company's direct labor costs is given below: Standard hours allowed 30,000 Actual direct labor hours 29,000 Labor usage variance, favorable

Labor Variances

Data on Goodman Company's direct labor costs is given below:

Standard hours allowed 30,000
Actual direct labor hours 29,000
Labor usage variance, favorable $4,000
Labor rate variance, favorable $5,800
Toytal Payroll $110,200

Calculate the:

(a) Standard direct labor rate.

(b) Actual direct labor rate.

A step-by-step on how to find those calculations would be super helpful; not sure where to start!

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