The following labor standards have been established for Product D: Description Amount Standard labor hours per unit of output 12 hours Standard labor rate $15.50 per hour The following data pertain to actual operations concerning Product D for the last month: Description Actual hours worked Actual total labor cost Actual output Amount 2,960 hours $49,728 260 units Select Your Answer Question What is the labor efficiency variance for the month? What is the labor rate variance for the month