A manufactured product has the following information for June. Standard $8 per lb. $16 per hr. $12 per hr. Direct materials Direct labor Overhead Units manufactured AH = Actual Hours SH - Standard Hours AR = Actual Rate SR = Standard Rate 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.) AH Actual Cost X 14,500 3 $ X 237,800 6 lbs. 2 hrs. 2 hrs. Direct labor rate variance Direct labor efficiency variance Total direct labor variance AR $16.40 $ 5,800 333 AH 14,500 Actual 44,800 lbs. @ $8.20 per lb. 14,500 hrs. $16.40 per hr. $183,400 7,400 $ 5,800 0 X X Answer is not complete. $ 232,000 Unfavorable Favorable Unfavorable SR $16.00 000 $ 0 SH Standard Cost X SR