Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 5 pounds @ $8 per pound 3 DLH @ $15 per DLH 3 DLH @ $11 per DLH Actual Results 43,500 pounds @ $8.10 per pound 25,600 hours @ $15.60 per hour $ 289,400 8,600 units Exercise 21-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours Standard Hours SH AR = Actual Rate SR Standard Rate AH Actual Cost X X AR $ 0 AH X SR X $ 0 0 $ 0 Standard Cost SH SR