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I need help on this problem A manufactured product has the following information for June. Standard (5 lbs.@$7 per lb.) (3 hrs.@ $15 per hr.)

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A manufactured product has the following information for June. Standard (5 lbs.@$7 per lb.) (3 hrs.@ $15 per hr.) (3 hrs. @ $11 per hr.) Actual lbs.@$710 per Direct materials 39,600, Ib hrs. @ $15.40 per 23,100 hr. Direct labor Overhead $262.700 Units 7,800 manufactured Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.> Actual Cost Standard Cost

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