Actual direct labor hours used (1) Actual direct laborate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for its produced (51) 60,000 14 $ 13 62,000 AH-Actual Hours SH Standard Hours AR - Actual Rate SR - Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable unfavorable or no variance Actual Cost Standard Cost 5 0 5 0 $ Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. 58 per lb. 2 hrs. @ 516 per hr. 2 hrs. $13 per hr. Actual 49,600 lbs. 58.20 per Ib. 16,200 hrs. @ $16.40 per hr. $219,000 8,200 Exercise 23-9 Direct materials variances LO P3 Compute the direct materials price variance and the direct materials quantity variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ - Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost 0 Compute the direct materials price variance and the direct materials quantity variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ - Actual Quantity SQ Standard Quantity AP - Actual Price SP - Standard Price Actual Cost Standard Cost 5 0 $ 0 $ o o 0 A manufactured product has the following information for June. Ches Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. 58 per lb. 2 hrs. @ 516 per he. 2 hrs. $13 per hr. Actual 49,600 lbs. $8.20 per lb. 16,200 hrs. $16.40 per he. 5219,000 8,200 Exercise 23-10 Direct labor variances LO P3 Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each voriance 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 Actis Cost Standard Cost Required information Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting 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 $ 0 $ 0 3 0 0