A manufactured product has the following information for June. Direct materials 6 lbs. Standard $8 per lb. Direct labor 3 hrs. $16 per hr. Overhead Units manufactured 3 hrs. @$13 per hr. Actual 44,300 lbs. @$8.10 per lb. 21,500 hrs. @$16.60 per hr.. $290,100 7,300 Exercise 21-10 Direct labor variances LO P3 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