The following data is given for Tesla Ines 1.200 units 52.25 14 14,000 $42.000 Actual production Materials: 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 $15 per hour 5 6,200 $85,500 Compute the direct labor rate and time variances for Tesla Inc. If applicable, round your answers to two decimal places