Required Information [The following Information applies to the questions displayed below.] A manufactured product has the following Information for June. Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $9 per pound 52, 103 pounds @ $9.20 per pound Direct labor 3 DLH @ $16 per DLH 25, 680 hours @ $16.63 per hour overhead 3 DLH @ $13 per DLH $ 341, 760 Units manufactured 8, 630 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard CostRequired Information [The following Information applies to the questions displayed below.] A manufactured product has the following Information for June. Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $9 per pound 52, 180 pounds @ $9.20 per pound Direct labor 3 DLH @ $16 per DLH 25, 680 hours @ $16.60 per hour Overhead 3 DLH @ $13 per DLH $ 341, 780 Units manufactured 8,600 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost 0 0 0