The following information describes a companys direct labor usage in a recent period. Actual direct labor hours used (AH) 68,000 Actual direct labor rate per hour (AR) $ 16 Standard direct labor rate per hour (SR) $ 14 Standard direct labor hours for units produced (SH) 69,900 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.