! 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.) (3 hrs. @ $17 per hr.) (3 hrs. @ $13 per hr.) Actual 49,600 lbs. @ $8.10 per lb. 24,400 hrs. @ $17.50 per hr $325, 300 8,200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Standard Cost Actual Cost Next > 28 Prev of 28 Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $8 per lb.) (3 hrs. @ $17 per hr.) (3 hrs. @ $13 per hr.) 49,600 lbs. $8.10 per lb. 24,400 hrs. @ $17.50 per hr. $325,300 8,200 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH - Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost