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please help, thank you! Verde Company produces wheels for bicycles. During the year, 659,000 wheels were produced. The actual labor used was 368,000 hours at

please help, thank you!

Verde Company produces wheels for bicycles. During the year, 659,000 wheels were produced. The actual labor used was 368,000 hours at $9.70 per hour. Verde has the following labor standards: 1) $10.00 per hour; 2) 0.46 hour per wheel.

1). Compute the labor rate variance.

$__________ F or U.

2). Compute the labor efficiency variance.

$__________ F or U.

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