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Required Information [The following information applies to the questions displayed below A manufactured product has the following Information for June. Standard Quantity and Cost Actual Results Direct materials 7 pounds @ $9 per pound 58, 708 pounds @ $9.10 per pound Direct labor 3 DLH @ $17 per DLH 24,680 hours @ $17.50 per hour Overhead 3 DLH @ $11 per DLH $ 279, 608 Units manufactured 8,300 units 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 SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost 0 OORequired Information [The following Information applies to the questions displayed below] A manufactured product has the following Information for June. Standard Quantity and Cost Actual Results Direct materials 7 pounds @ $9 per pound 58, 700 pounds @ $9.10 per pound Direct labor 3 DLH @ $17 per DLH 24, 690 hours @ $17.50 per hour Overhead 3 DLH @ $11 per DLH $ 279, 680 Units manufactured 8,300 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable. unfavorable. or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost AQ X: 0 $