The following information describes a companys direct labor usage in a recent period.

Actual direct labor hours used (AH)		67,000
Actual direct labor rate per hour (AR)	$	14
Standard direct labor rate per hour (SR)	$	12
Standard direct labor hours for units produced (SH)		68,300

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.