The following labor standards have been established for a particular product:

Standard labor hours per unit of output	4.5	hours
Standard labor rate	$20.30	per hours

The following data pertain to operations concerning the product for the last month:

Actual hours worked	7,100	hours
Actual total labor cost	$144,840
Actual output	1,500	units

Required:
a.	What is the labor rate variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Labor rate variance

$

dollar amount? (favorable/unfavorable?)

b.

What is the labor efficiency variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Labor efficiency variance

$

dollar amount? (favorable/unfavorable?)