pute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each vari orable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) = Actual Hours = Standard Hours Actual Rate Standard Rate Actual Cost AH SH Standard Cost Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effe favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH Actual Hours SH = Standard Hours AR SR Actual Rate Standard Rate Direct labor efficiency variance Direct labor rate variance Direct materials price variance Direct materials quantity variance Standard Cos Overhead Units manufactured 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the eff 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 Total direct labor variance Total direct materials variance Total variable overhead cost variance Variable overhead efficiency variance Variable overhead spending variance Standard Co Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. $16.50 per hr. Direct materials 6 lbs. Direct labor Overhead 2 hrs. 2 hrs. Standard $8 per lb. $16 per hr. $12 per hr. $198,000 Units manufactured 8,000 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 Rate Actual Cost 4 Standard Cost