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 Overhead Units manufactured (6 lbs. $8 per 1b.) (2 hrs. $16 per hr.) (2 hrs. $12 per hr. $198,000 48,500 lbs. $8.10e per lb. 15,700 hrs. $16.50 per hr. 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variancei unfavorable AH Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate Actual Cost Standard Cost AH 485001 x