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Motts IncHas a Standard Cost System in Which the Standard Direct

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Motts Inc.has a standard cost system in which the standard direct labor for a particular product is 0.50 hours at the standard rate of $21.00 per hour.The company has reported the following actual results for the product for October: Motts Inc.has a standard cost system in which the standard direct labor for a particular product is 0.50 hours at the standard rate of $21.00 per hour.The company has reported the following actual results for the product for October:   Required: a.Compute the labor rate variance for October. b.Compute the labor efficiency variance for October. Required:
a.Compute the labor rate variance for October.
b.Compute the labor efficiency variance for October.

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