A company reports the following information for its direct labor. Actual hours of direct labor used 57,000 Actual rate of direct labor per hour $ 16 Standard rate of direct labor per hour $ 14 Standard hours of direct labor for units produced 58,500 AH = Actual Hours SH - Standard Hours AR - Actual Rate SR - Standard Rate Compute the direct labor rate and efficiency variances and Identify each as favorable or unfavorable. Actual Cost Standard Cost $ 0 $ 0 $ 0 0