The standard labor cost in the production of a pair of Dynatech Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 24,630 pairs were produced. Actual labor costs were $96,240 for 8,020 hours. Compute the labor rate and labor efficiency variances for the month of June.(Round actual wage rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.)

Labor Rate Variance $.........

It is Favorable or Unfavorable or Neither Unfavorable nor Favorable

Labor Efficiency Variance $........

It is Favorable or Unfavorable or Neither Unfavorable nor Favorable