A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. $9 per lb. 3 hrs. $15 per hr. 3 hrs. $12 per he. Actual 43,600 lbs. $9.20 per lb. 25,400 hrs. # $15.50 per hr. $316,600 8,600 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 Hours SH - Standard Hours AR - Actual Rate SR Standard Rate Actual Cost Standard Cost