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Standard hours per unit Budgeted units for the period Finished units for the period Standard rate per hour Actual labor costs incurred Actual rate paid per hour 1.25 12,000 10,000 $ 40 $414,000 $ 36 11:34 Take Quiz Exit Question 9 1 pts Page 453 PB 9 Ribco's labor cost information for making its only product for March is as follows: Please see the book for the table. What is the rate variance? (enter positive for favorable, negative for unfavorable). Question 10 1 pts Page 453 PB 9 Ribco's labor cost information for making its only product for March is as follows: Please see the book for the table. What is the efficiency variance? (enter positive for favorable, negative for unfavorable)