! Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Standard Actual Direct materials Direct labor 6 lbs. @ $9 per lb. 2 hrs. @ $17 per hr. 2 hrs. @ $12 per hr. 52,100 lbs. @ $9.10 per lb. 16,900 hrs. @ $17.40 per hr. $212,400 8,600 Overhead Units manufactured 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 $ 0 $ 0 $ 0 0