O Required information [The following Information applies to the questions displayed below.) A manufactured product has the following information for June. Standard Actual Direct materials 5 lbs, @ $8 per lb. 44,500 lbs. @ $8.20 per lb. Direct labor 2 hrs. @ $17 per hr. 17,300 hrs. @ $17.50 per hr. Overhead 2 hrs. $13 per hr. $234,000 Units manufactured 8,800 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 Rote Actual Cost Standard Cost AH AR AH SR SH SR X X $ 0 $ 0 $ 0 0