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The standard labor cost in the production of a pair ofPenny WorthBrand athletic shoes is0.40hours at $13.00per hour. During the month of June,23,090pairs were produced. Actual labor costs were $94,080for7,840hours. 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 $

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Favorable, Neither Unfavorable nor Favorable or Unfavorable

Labor Efficiency Variance $

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Favorable, Neither Unfavorable nor Favorable or Unfavorable