The standard cost card of a particular product specifies that it requires 3.5 direct labor-hours at $10.70 per direct labor-hour. During March, 3,500 units of the product were produced and direct labor wages of $122,425 were incurred. A total of 14,750 direct labor-hours were worked. The direct labor variances for the month were:

Find the Labor Rate Variance and Labor Efficiency Variance

A) $8,650 F $24,274 U

B) $8,650 F $26,750 U

C) $35,400 F $24,274 U

D) $35,400 F $26,750 U