3 Required information rt 3 of 3 [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual its Direct materials 6 1bs. @ $9 per 1b. 46, 800 1bs. @ $9.10 per 1b. Direct labor 3 hrs. @ $15 per hr. 22,900 hrs. @ $15.50 per hr. Skipped Overhead 3 hrs. @ $12 per hr. $283 , 200 Units manufactured 7, 700 eBook Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) Hint AH = Actual Hours SH = Standard Hours AR = Actual Rate Print SR = Standard Rate n erences Actual Cost Standard Cost $ $ 0 $ oo