The following labor standards have been established for Product E: Description Amount Standard labor hours per unit of output 20 hours Standard labor rate $17.50 per hour The following data pertain to actual operations concerning Product E for the last month: Description Amount Actual hours worked 6,550 hours Actual total labor cost $105,455 Actual output 310 units Select Your Answer || Question What is the labor efficiency variance for the month? What is the labor rate variance for the month