Check my work A manufactured product has the following information for June Direct materials Direct labor Overhead Unite manufactured Standard 5 lbs. $8 per lb. 3 hrs. $16 per hr. 3 hrs. $12 per hr. Actual 44,600 lbs. $8.10 per lb. 26,200 hrs. e $16.50 per hr. $322,000 8,800 Compute the direct labor rate variance and the direct lobor 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