At the beginning of last year, Creative Productions set direct labor standards of 2 hours at $25 per hour for each product.

At the beginning of last year, Creative Productions set direct labor standards of 2 hours at $25 per hour for each product. During the year, $1,700 direct hours were actually worked at an average cost of $26 per hour. Using this information and the applicable information in question E6A, calculate the company's direct labor rate and efficiency variances for the year.