A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 7 pounds @ $7 per pound 2 DLH @$16 per DLH 2 DLH @$12 per DLH Actual Results 61,400 pounds @ $7.20 per pound 17,100 hours @ $16.50 per hour $ 214,500 8,700 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or 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 $ 0 $ 0 0 $ 0