The following direct labor standards have been established for product S57S: 
The following data pertain to last month's operations: 
Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
Definitions:
Compulsory Arbitration
A mandatory process where disputing parties are required to resolve their differences through an arbitrator's decision, rather than through a court trial.
Collective Agreement
A written contract negotiated between an employer and a trade union, covering the terms and conditions of employment.
Collective Agreement
A written contract negotiated between an employer and a union representing the employees, specifying the terms and conditions of employment.
Labour Relations Board
A governmental agency responsible for overseeing and enforcing labor laws and practices, including dispute resolution between employers and employees.
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