The following information describes a company's direct labor usage in a recent period. Actual direct labor rate per hour (AR) Actual direct labor hours used (AH) Standard direct labor rate per hour (SR) $ 65,000 16 $ Standard direct labor hours for units produced (SH) 15 66,400 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