Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direet labor Overhead Unita manufactured Standard 6 lbs. $ per lb. 2 hrs. #516 per hr. 2 hrs. $12 per hr. Actual 48,500 lbs. $8.10 per lb. 15,700 hrs. $16.50 per hr. $190,000 8,000 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 LIPU wie UELLOUT TO VOILE VIE VIELL OUI CLIEN VIL HILOLE WRECOLLE My ! 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 Answer is not complete. Actual Cost Standard Cost AH X AH X SR SH X SR AR $ 16.00 X $ 16.00 X $ 16.00 $ 0 s 0 $ 0 Direct labor rate variance Direct labor efficiency variance Total direct labor variance Sols Unfavorable Favorable 0 Unfavorable