Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 6 1bs. @ $9 per 1b. 54, 500 1bs. @ $9. 10 per 1b. Direct labor 3 hrs. @ $15 per hr. 26, 800 hrs. @ $15.50 per hr. Overhead 3 hrs. @ $12 per hr. $329 , 800 Units manufactured 9 , 000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by s 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 ces Actual Cost Standard Cost $ $ 0 $ O O +