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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

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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 5 lbs. @ 57 per lb. 2 hrs. $17 per hr. 2 hrs. $12 per hr. Actual 43,600 lbs. @ $7.10 per lb. 16,900 hrs. $17.50 per hr. $213,000 3,600 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance (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= Standard Hours AR = Actual Rate SR Standard Rate Actual Cost Standard Cost

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