Aldrich Company
Aldrich Company Has the Following Information Available for the Current

Aldrich Company
Aldrich Company has the following information available for the current year:
Standard:
Material           $3.5$ feet per unit @ $\$ 2.60$ per foot
Labor                5 direct labor hours@ $\$ 8.50$ per unit

Actual:
Material               95,625 feet used(100,000 feet purchased @ $\$ 2.50$ per foot
Labor                    122,400 chrect labor hours incurred @ $\$ 8.35$ per hour
                              25,500 units were produced.
Refer to Aldrich Company.Compute the labor rate and efficiency variances.