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The following labor standards have been established for Product D: Amount Description Standard labor hours per unit of output Standard labor rate 12 hours $15.50 per hour The following data pertain to actual operations concerning Product D for the last month: Description Amount Actual hours worked 2,960 hours Actual total labor cost $49,728 Actual output 260 units Question Select Your Answer What is the labor efficiency variance for the month? What is the labor rate variance for the month? month th? Question 1 Answers - Select One $2,480 favorable $2,480 unfavorable $2,688 favorable $2,688 unfavorable Question 2 Answers - Select One $3,848 favorable this respon the month? month? Question 1 Answers - Select One $2,480 favorable $2,480 unfavorable $2,688 favorable $2,688 unfavorable Question 2 Answers - Select One $3,848 favorable $3,848 unfavorable $4,056 favorable $4,056 unfavorable save this respon