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Required Information Use the following information for the Exercises below. (Static) [The following information applles to the questions displayed below.] A manufactured product has the following information for June. Exercise 21-10 (Static) Direct labor variances LO P3 Compute the (1) direct labor rate varlance and (2) direct labor efficlency varlance. (Indlcate the effect of each varlance by selecting favorable, unfavorable, or no varlance. Round "Rate per hour" answers to 2 decimal places.) AH= Actual Hours SH= Standard Hours AR=Actual Rate SR= Standard Rate