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The standard labor cost in the production of a pair of Richetti Brand athletic shoes is 0.40 hours at $12.00 per hour. During the month

The standard labor cost in the production of a pair of Richetti Brand athletic shoes is 0.40 hours at $12.00 per hour. During the month of June, 22,650 pairs were produced. Actual labor costs were $91,920 for 7,660 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

$$$$$

select an option Neither Unfavorable nor Favorable / Unfavorable / Favorable

Labor Efficiency Variance

$$$$$

select an option Favorable / Neither Unfavorable nor Favorable / Unfavorable

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