Talladega Industries, Inc., (TII) developed the following standard costs for direct material and direct labor for one of their major products, the 10-gallon plastic container. During August, TII produced and sold 10,000 containers using 980 pounds of direct materials at an average per pound of $32 and 500 direct labor hours at an average wage of $15.25 per hour. Refer to Talladega Industries, Inc. a. Compute the labor rate and efficiency variances. b. Prepare the journal entry to accrue direct labor costs and record the labor variances