A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ 59 per lb. 2 hrs. 516 per hr. 2 hrs. $12 per hr. Actual 46,100 lbs. $9.10 per lb. 14,900 hrs. $16.50 per hr. $ 189,480 7.600 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 Actual Cost Standard Cost