The Fantastic Florist Shop creates specialized floral arrangements for Valentine's Day. The expected labor cost (total cost to the company) per hour is $16.50 for the quarter with a projected production quantity of 2,200 floral arrangements. Each arrangement should take 13 minutes to create. After the quarter, 500 labor hours were recorded in creating those 2,200 units. The process of the arrangement includes the florist, who makes $18 per hour (total cost to the company) and makes up for 2/3 of the total unit production time, and an operator to package the arrangement, who makes $15 per hour (total cost to the company) and makes up the other 1/3 of total unit production time. Determine the labor rate and efficiency variance, and total labor variance. [Hint: labor rate is a weighted average] Explain this variance to someone that hasn't taken this class. What action (if any) do you recommend be taken based on this data? Bonus question What other information would help strengthen this analysis and why