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A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs. @ $8 per lb. 52,700 lbs. @ $8.20 per lb.

A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs. @ $8 per lb. 52,700 lbs. @ $8.20 per lb. Direct labor 3 hrs. @ $16 per hr. 25,800 hrs. @ $16.60 per hr. Overhead 3 hrs. @ $13 per hr. $ 344,600 Units manufactured 8,700

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

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