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[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

	Standard	Actual
Direct materials	6 lbs. @ $8 per lb.		52,100	lbs. @ $8.10 per lb.
Direct labor	2 hrs. @ $16 per hr.		16,900	hrs. @ $16.50 per hr.
Overhead	2 hrs. @ $11 per hr.	$	195,800
Units manufactured			8,600

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

Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $11 per hr. Actual 52,100 lbs. @ $8.10 per lb. 16,900 hrs. @ $16.50 per hr. $195,800 8,600 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Answer is not complete. Standard Cost AQ Actual Cost AQ 52,100 $ 422,010 $ 8.10 SP $ 8.00 SQ 43,500 SP $ 8.00 52,100 IS 416.800 S 348,000 $ 5,210 S 68,800 Direct materials price variance Direct materials quantity variance Total direct materials variance $5,210 68,800 Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $11 per hr. Actual 52,100 lbs. @ $8.10 per lb. 16,900 hrs. @ $16.50 per hr. $195,800 8,600 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 Standard Cost S 0 S 0 S 0 0