Part 3 of 31 5 oints 03:13:32 A manufactured product has the following information for June. Standard Actual Direct materials. 7 lbs. $8 per lb. Direct labor 3 hrs. $16 per hr. Overhead 3 hrs. $11 per hr. 51,000 lbs. @ $8.10 per lb. 21,200 hrs. @ $16.60 per hr.. $243,800 Units manufactured 7,200 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each varianc 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 Rate