A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @ $8 per lb.) 50,200 lbs. @ $8.10 per lb. Direct labor (2 hrs. @ $16 per hr.) 13,900 hrs. @ $16.40 per hr. Overhead (2 hrs. @ $12 per hr.) $ 176,300 Units manufactured 7,100 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.