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) 63,000 16 Standard direct labor hours for units produced (SH) $ 15 65,000 Standard direct labor rate per hour (SR) 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