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Rueda Company produces wheels for bicycles. During the year, 651,000 wheels were produced. The actual labor used was 361,000 hours at $9.10 per hour. Rueda

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Rueda Company produces wheels for bicycles. During the year, 651,000 wheels were produced. The actual labor used was 361,000 hours at $9.10 per hour. Rueda has the following labor standards: 0.5 hour at $10.20. Required: Please enter all values as a positive amount. 1. Compute the labor rate variance. $ 2. Compute the labor efficiency variance

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