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Part 2 of 2 Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below] A manufactured product has the following information for June int Standard Quantity and cost 6 pounds 59 per pound 3 DUH $17 per DLH 3 DLH @ $10 per DH Direct materials Direct labor Overhead Units manufactured Actual Results 53,200 pounds @ $9.10 per pound 26,100 hours 517.50 per hour $ 350,000 8,800 units eBook References Exercise 8-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance (Indicate the effect of each variance by selecting favorable, unfovorable, 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