mensesslbHLocator assignment eBook Calculator Labor Variances wheels for bicycles. During the year, 658,000 wheels were produced. The actual labor used was 361,000 hours at s9.50 per hour. Verde has the following labor standard: 0.46 hour at $10.10 Required 1. Compute the labor rate variance. Favorable v 2. Compute the labor efficiency variance. Unfavorable v Feedback Cheak My Work Partially correct PreviousNext Check My Work Save and Exit Submit Assignment for Grading