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Exercise 8-16 (Algo) Computing and analyzing direct labor variances LO P3 Javon Company set standards of 2 hours of direct labor per unit at a rate of $16.90 per hour. During October, the company actually uses 14,600 hours of direct labor at a $249,660 total cost to produce 7,500 units. In November, the company uses 18,600 hours of direct labor at a $318.990 total cost to produce 7,900 units of product AH- Actual Hours SH - Standard Hours AR - Actual Rate SR- Standard Rate (1) Compute the direct labor rate variance, the direct labor efficlency variance, and the total direct ibbor varlance for each of these two months. (2) Javon investgates variances of more than 5% of actual direct labor cost Which direct labor varances wir the company investugate turther? Complete this question by entering your answers in the tabs below. Compute the diffet labor rate variance. the difect labor eificiency variance, and the total direct labor variance for each or these fivo menths. Exercise 8-16 (Algo) Computing and analyzing direct labor voriances LO P3 Javon company set standards of 2 hours of ditect labor pet unit at a rate of $16.90 per nour During october the company actually uses 14,600 hours of direct labor at a $249.660 total cost to produce 7,500 units in Novemper the compuny uses 18.600 hours of directabor at a $318,990 total cost to produce 7900 units of product: AH-Actual Hours SH = Standard Hours AR = Actual Rate SR-Shandorate (1) Compute the direct iabor rate variance, the direct tabor efficlency variance, and the total direct fabor vartance for each or toese two months. (2) Jovon investigates vanances of more than 5% of actual direct iabor cost Which direct abor variances we the compary investogates funther? Complete this question by entering your answers in the tabs below. Iaven investigates variances of more than 5% of actual direct labor cont. Whicb direct lobpe variances wil the compary investigate further? Which direct labor vansinoet will the company investigate further