Required information [The following information applies to the questions displayed below.] Textron Manufacturing Incorporated assembles industrial testing instruments in two departments, assembly and testing. Operating data for the current and prior years follow: Current Year Prior Year 20 $ 42 21 $ 41 28 $ 36 27 $ 34 Assembly department Actual direct labor hours per instrument Actual wage rate per hour Standard direct labor hours per instrument Standard wage rate per hour Testing department Actual direct labor hours per instrument Actual wage rate per hour Standard direct labor hours per instrument Standard wage rate per hour 10 $ 31 11 $ 33 12 $ 26 17 $ 27 The firm assembled and tested 26,000 instruments in both years. Required: 1. Calculate the direct labor rate and efficiency variances for both departments in both years. 2. Calculate the direct labor partial operational productivity ratio for both departments in both years. (Round your answers to 4 decimal places.) 3. Calculate the partial financial productivity ratio for both departments in both years. (Round your answers to 4 decimal places.) Assembly Department Testing Department 1. Rate variance (Prior year) Rate variance (Current year) Efficiency variance (Prior year) Efficiency variance (Current year) Partial operational productivity ratio (Prior year) Partial operational productivity ratio (Current year) Partial financial productivity ratio (Prior year) Partial financial productivity ratio (Current year) 2. 3