The following information describes a company's direct labor usage in a recent period. N 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) 59,000 $ 15 $ 14 60, 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 or unfavorable. & Answer is not complete. Actual Cost Standard Cost AH AH SR SH SR 59,000 x 59,000 14.00 60,500 14.00 885.000 826,000 848.400 59,000 22.400 Direct labor rate variance 59.000 Unfavorable Direct labor efficiency variance 22,400 Favorable Total direct labor variance Unfavorable