The following data is given for Tesla Inc.

Actual production: 1,200 units

Materials:

Standard price per pound: $2.25

Standard pounds per completed unit: 14

actual pounds purchased and used in production: 14,000

actual price paid for materials: $42,000

Labor:

Standard hourly labor rate: $15 per hour

standard hours allowed per complete unit: 5

actual labor hours worked: 6,200

actual total labor costs: $85,000

Compute the direct labor rate and time variance for Tesla Inc. If applicable, round your answers to two decimal places.