A product is expected to take 2 hours per unit and the labour is budgeted at £9 per hour. The original budget was to produce 8,000 but 9,000 were actually produced in 18,750 hours, while the wage bill...

A product is expected to take 2 hours per unit and the labour is budgeted at £9 per hour. The original budget was to produce 8,000 but 9,000 were actually produced in 18,750 hours, while the wage bill was £169,000.

What were the labour rate variance and the labour efficiency variance?