Check my Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. $8 per lb.) (2 hrs. $16 per hr.) (2 hrs. $11 per hr.) Actual 41,500 lbs. $8.20 per lb. 16,200 hrs. $16.50 per hr. $187.000 8,200 Kipped eBook Hint AH = Actual Hours SH = Standard Hours AR = Actual Rate SR - Standard Rate ferences Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost Check Required information AR = Actual Kate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost kipped look Herences