Labour Variances

Benanti Company produces tires for all$-$terrain vehicles. During the year, $652,000$ tires were produced. The actual labour used was $363,000$ hours at $$9\mathrm{.}50$ per hour. Benanti has the following labour standard: $0\mathrm{.}48$ hour at $$10\mathrm{.}10.$

Required:

Compute the labour rate variance.

$

Compute the labour efficiency variance.