Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. e $9 per lb. 2 hrs. $15 per hr. 2 hrs. @ $13 per hr. Actual 60,800 lbs. @ $9.10 per lb. 16,800 hrs. $15.60 per hr. $229,000 8,600 Compute the direct labor rate variance and the direct labor 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 Standard Cost AH X SH X Actual Cost AH X 16,800 X $ 262,080 AR $ 15.60 SR $15.00 SR $ 15.00 x 16,800 X $ 252.000 $ 0 $ 10,080 $ 10,080 Unfavorable 0 Direct labor rate variance Direct labor efficiency variance Total direct labor variance