The following information describes a company$$s direct labor usage in a recent period.

Actual direct labor hours used $($AH$)72,000$

Actual direct labor rate per hour $($AR$)$ $ $14$

Standard direct labor rate per hour $($SR$)$ $ $13$

Standard direct labor hours for units produced $($SH$)73,700$

AH $=$ Actual Hours

SH $=$ Standard Hours

AR $=$ Actual Rate

SR $=$ Standard Rate

Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance.