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The following data is given for Apple: 2,200 units Actual production Material: Standard price per pound Standard pounds per completed unit Actual pounds purchased and

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The following data is given for Apple: 2,200 units Actual production Material: Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs $4.00 25 56,400 $230,112 $19 per hour 10 21 500 $411,940 Compute the direct labor rate and time variances for Apple. Make sure to indicate if the variances are favorable or unfavorable. If applicable, round your answers to two decimal places

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