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Paradise Corporation has determined a standard labor cost per unit of $31(0.50 hours $62 per...

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Accounting

Paradise Corporation has determined a standard labor cost per unit of $31(0.50 hours $62 per hour). Last month, Paradise incurred 988 direct labor hours, for which it paid $27,911. The company produced and sold 2,900 units during the month.
Required:
Calculate the direct labor rate, efficiency, and spending variances.
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your intermediate calculations to 2 decimal places.
\table[[Direct Labor Rate Variance,,],[Direct Labor Efficiency Variance,,],[Total Direct Labor Spending Variance,,]]
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