Mini$-$Exercise $15-4($Algo$)$ Direct labor variances LO $15-4,15-5$

Acme Company's production budget for August is $19,400$ units and includes the following component unit costs: direct materials,

$$10\mathrm{.}00$; direct labor, $$12\mathrm{.}50$; variable overhead, $$6\mathrm{.}00.$ Budgeted fixed overhead is $$51,000.$ Actual production in August was $20,928$

units. Actual unit component costs incurred during August include direct materials, $$10\mathrm{.}50$; direct labor, $$12\mathrm{.}00$; variable overhead,

$$6\mathrm{.}50.$ Actual fixed overhead was $$54,400.$ The standard direct labor cost per unit consists of $0\mathrm{.}5$ hour of labor time at $$25$ per hour.

During August, $$251,136$ of actual labor cost was incurred for $9,810$ direct labor hours.

Required:

Calculate the labor rate variance and labor efficiency variance for August.

Note: Indicate the effect of each variance by selecting $"$T$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero

variance$).$