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

Standard labor hours per unit of output	4.1	hours
Standard labor rate	$17.00	per hours

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

Actual hours worked	5,500	hours
Actual total labor cost	$94,050
Actual output	1,200	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

$

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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

$

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