7 Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Part 3 of 3 Standard 6 lbs. @$8 per 1b. 2 hrs. $17 per hr. 2 hrs. $11 per hr. Direct materials Direct labor Overhead Units manufactured 12.5 points Actual 43, Geo lbs. $9.10 per Ib. 14,1e hrs. $17.6e per hr. 5164,000 7,200 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 "Rete per hour answers to 2 decimal places.) AH - Actual Hours SH Standard Hours ARActual Rate SR Standard Rate ARRERA RRINH 7. Required information PEMULA SH - Standard Hours: AR Actual Rate SR Standard Rate Part 3 of Standard Cose Actual Cost 125 points