A manufactured product has the following Information for June. Direct materials Direct labor Standard Quantity and Cost 6 pounds $8 per pound 3 DLH $16 per DLH Overhead 3 DLH $12 per DLH Units manufactured Actual Results 49,000 pounds @$8.20 per pound 24,000 hours $16.60 per hour 8,100 units $ 297,400 mpute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each varlan vorable, unfavorable, or no varlance. Round "Rate per hour" answers to 2 decimal places.) H-Actual Hours H-Standard Hours R=Actual Rate R-Standard Rate Actual Cost AH x 24,000 x $ 398,400 AR $ 16.60 Direct materials price variance Direct labor efficiency variance Direct labor efficiency variance $ 0 $ AF AH x 0 Unfavorable 0 Favorable Unfavorable Standard Cost HE SR SH x SR X $ 16.00 0 A manufactured product has the following Information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds $8 per pound 3 DLH @ $16 per DLH 3 DLH $12 per DLH Actual Results $297,400 49,000 pounds @$8.20 per pound 24,000 hours $16.68 per hour 8,100 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each selecting favorable, unfavorable, or no varlance. Round "Cost per unit" answers to 2 decimal places.) AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price AQ Actual Cost Standard Cost AP AQ SP sa x SP x $ 8.00 x x S 48