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

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! 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 Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $16 per DLH 2 DLH @ $12 per DLH Actual Results 48,500 pounds @ $8.10 per pound 15,700 hours @ $16.50 per hour $ 198,000 8,000 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places. AH = Actual Hours SH AR = Actual Rate SR Standard Hours Standard Rate Actual Cost $ 0 $ 0 0 $ 0 Standard Cost

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