The following information describes a company's direct labor usage in a recent perlod. 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) 68,000 $ 15 $ 14 69,300 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 0 $ 0 0 Required information (The following information applies to the questions displayed below.) Mosaic Company applies overhead using machine hours and reports the following information, Actual machine hours used (AH) Standard machine hours (for actual production) (SH) Actual variable overhead rate per hour (AVR) Standard variable overhead rato per hour (SVR) 5,300 hours 5,750 hours $ 4.80 $ 4.65 Compute the variable overhead spending variance and the variable overhead efficiency variance and classify each as favorable, unfavorable or no variance. Actual Cost Flexible Budget Standard Cost $ 0 0