The following information describes a company's direct labor usage in a recent period 64,000 15 Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 65.600 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 Actual Cost Standard Cost Unfavorable Direct labor rate variance Direct labor efficiency variance