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Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ 58 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $12 per

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Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ 58 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $12 per hr. Actual 53,800 lbs. @ 58.20 per lb. 26,400 hrs. $17.50 per hr. $325,800 8,900 Exercise 21-10 Direct labor variances LO P3 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting f favorable, unfavorable, and no variance. Round "Rote per hour" answers to 2 decimal places.) AH - Actual Hours. SH - Standard Hours AR - Actual Rate SR - Standard Rate Standard Cost Actual Cost

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