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Required information Skip to question [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual

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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. @ $7 per lb. 53,900 lbs. @ $7.10 per lb.
Direct labor 2 hrs. @ $16 per hr. 17,500 hrs. @ $16.40 per hr.
Overhead 2 hrs. @ $12 per hr. $ 220,300
Units manufactured 8,900

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 0 0 Standard Cost
$0 0

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