Labor Variances Verde Company produces wheels for bicycles. During the year, 651,000 wheels were produced. The actual labor used was 362,000 hours at $9.30 per hour. Verde has the following labor standards: 1) $10.40 per hour; 2) 0.51 hour per wheel. Required: 1. Compute the labor rate variance. $ 2. Compute the labor efficiency variance. $ Favorable Unfavorable Total Materials. Variance Krumple Inc. produces aluminum cans. Production of 10-ounce cans has a standard unit quantity of 4.1 ounces of aluminum per can. During the month of April, 320,000 cans were produced using 1,450,000 ounces of aluminum. The actual cost of aluminum was $0.13 per ounce and the standard price was $0.01 per ounce. There are no beginning or ending inventories of aluminum. Required: Calculate the total variance for aluminum for the month of April. Enter amount as a positive number and select Favorable or Unfavorable. Favorable Unfavorable