Logen Construction builds standard prefabricated wooden frames for walls. Each frame requires five direct labor hours and the standard hourly direct labor rate is $18. During July, the company produced 670 frames and worked 3,310 direct labor hours. Payroll records indicate that workers earned $60,407.50. a. What were the standard hours for July production? 3,350 hours b. What was the actual hourly wage rate? $ 18.25 C. Calculate the direct labor variances. Note: Do not use a negative sign with your answers, Note: Round your final answers to the nearest whole dollar. Labor rate variance $ 107.5 X Unfavorable Labor efficiency variance $ 720 Favorable Calista & Lane, CPAS, set the following standard for its inventory audit of Triumph Co.: 350 hours at an average hourly rate of $250. The firm actually worked 330 hours during the inventory audit process. The total labor variance for the audit was $3,500 unfavorable. a. Compute the total actual payroll. $ 91,000 b. Compute the labor efficiency variance. Note: Do not use a negative sign with your answer. Labor efficiency variance $ 5,000 Favorable c. Compute the labor rate variance. Note: Do not use a negative sign with your answer. Labor rate variance $ 8,500 Unfavorable d. Prepare the entry to assign labor costs to inventory, record the labor variances, and accrue payroll costs. Note: Record any multiple debits or any multiple credits in alphabetical order by account name. Account Debit Credit Work in Process Inventory 87,500 x Labor Rate Variance X 5,000 X 0 Labor Efficiency Variance 0 5,000 Wages Payable 0 91,000 To record labor variances 0