The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct 1abor rate per hour (SR) 65,000 15 14 Standard direct labor hours for units produced (SH) 67,000 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 or unfavorable. Standard Cost Actual Cost