The Following Labor Standards Have Been Set for a Product $\begin{array}{ll}\text { Standard labor hours per unit } & 12 \text { hours } \\\text { Standard wage rate } & \$ 12\end{array}$

The following labor standards have been set for a product:
$\begin{array}{ll}\text { Standard labor hours per unit } & 12 \text { hours } \\\text { Standard wage rate } & \$ 12\end{array}$ The following data pertain to operations for the period.
$\begin{array}{ll}\text { Actual hours worked } & 11,000 \\\text { Actual total labor cost } & \$ 135,000 \\\text { Units produced during the period } & 1,000\end{array}$ Required
Calculate the direct labor rate and efficiency variances and indicate whether the variances are favorable or unfavorable.