A manufactured product has the following information for June. Standard Quantity and Cost Actual ResultsDirect materials 6 pounds @ $8 per pound 47,200 pounds @ $8.20 per poundDirect labor 3 DLH @ $17 per DLH 23,000 hours @ $17.48 per hourOverhead 3 DLH @ $11 per DLH $ 262,800Units manufactured 7,800 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selectingfavorable, unfaverable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual HoursSH = Standard HoursAR = Actual Rate SR = Standard Rate