Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.02 hours. During the month of April, 510,000 bottles were produced using 15,000 labor hours $10.50. The standard wage rate is $7.00 per hour. Required: Calculate the total variance for production labor for the month of April. Enter amounts as positive numbers. If required, round your answer to the nearest cent. Unfavorable Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.024 hour. During the month of April, 1,000,000 bottles were produced using 23,200 labor hours @ $18.00. The standard wage rate is $16.00 per hour. Required: Calculate the labor rate and efficiency variances using the columnar and formula approaches. Enter amounts as positive numbers and select Favorable or Unfavorable. Labor rate variance Labor efficiency variance $