The following labor standards have been established for a particular product: Standard labor hours per unit of output Standard labor rate 4.4 hours 20.20 per hour The following data pertain to operations concerning the product for the last month: 7,000 hours 142,100 1,500 units Actual hours worked Actual total labor cost Actual output Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month? (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input al amounts as positive values.) a. Labor rate variance b. Labor efficiency variance Dog Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day During March, the kennel budgeted for 3,500 tenant-days, but its actual level of activity was 3,550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March Data used in budgeting Variable Fixed element element per per month tenant-day $34.40 Revenue 2,400 Wages and salaries $ 7.40 Food and supplies 1,400 13.90 7,900 Facility expenses 2.90 Administrative expenses 0.50 6,400 $18,100 $24.70 Total expenses Actual results for March: $119,125 $ 28,540 $ 51,125 $17,250 $ 7,094 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The revenue variance for March would be closest to: Multiple Choice $2,995 U $1,275 U