The standard labor cost in the production of a pair of Richetti Brand athletic shoes is 0.40 hours at $13.00 per hour. During the month of June, 25,820 pairs were produced. Actual labor costs were $101,520 for 8,460 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 O decimal places, e.g. 125. Enter all variances as a positive number.) Labor Rate Variance Labor Efficiency Variance $ Favorable Neither Unfavorable nor Favorable eTextbook and Media Unfavorable Save for Later Attempts: 0 of 1 used Submit