QUESTION 15 The following labor standards have been established for Product : Description Amount Standard labor hours per unit of output 16 hours Standard labor rate $12.75 per hour The following data pertain to actual operations concerning Product Ffor the last month: Description Amount Actual hours worked 2,620 hours Actual total labor cost $27,510 Actual output 180 units Question Select Your Answer What is the labor efficiency variance for the month? What is the labor rate variance for the month