The standard labor cost in the production of a pair of Vermillion Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 25,860 pairs were produced. Actual labor costs were $97,760 for 7,520 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		$enter labor rate variance as a dollar amount		select an option FavorableNeither Unfavorable nor FavorableUnfavorable
Labor Efficiency Variance		$enter labor efficiency variance as a dollar amount		select an option