The following information describes a company's direct lobor usage in a recent period 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) 60,000 $ 15 $ 14 61,990 AH = Actual Hours SH - Standard Hours AR = Actual Rate SR = Standard Rote 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 S 0 S