Use the following cost information to calculate the direct labor rate, labor efficiency, and total direct labor cost variances and indicate whether each variance is favorable (F) or unfavorable(U). Actual costs and qualities: Direct labor cost incurred ............ $360,000 Direct labor hours used................. 20,000 hours Units produced.......................... 45,000 units Standard costs and quantities: Direct labor rate per hour.............. $16, 50 Hours to produce one unit............. 0.5 hours Direct labor Rate Variance: Labor Efficient Variance: Total Direct Labor Cost Variance