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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
Required information
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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 | 5 lbs. @ $9 per lb. | 44,100 | lbs. @ $9.10 per lb. | |
| Direct labor | 3 hrs. @ $16 per hr. | 25,700 | hrs. @ $16.40 per hr. | |
| Overhead | 3 hrs. @ $12 per hr. | $ | 318,600 | |
| Units manufactured | 8,700 | |||
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
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