What is the dollar amount of the labor rate variance? 2. What is the dollar amount of the labor efficiency variable? 3. Leaving all variables the same, if the standard rate for one hour were 7.40/ hour the overall direct labor variance would have been an unfavorable variance for how much?

Yordano will make 5000 purses with standars quantity of leather per purse of 20.03 square inches of material at .25/ square inch. The actual quantity for those 5000 purses peoduced was of leather per purse 20.53 square inches of material at .26/square inch. The standard labor to produce each purse is 1 hour for each purse with a cost of 7.70/ hour. The actual labor used to produce each purse was 1.06 hours at 7.50/ hour.