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 wufactured Standard 6 lbs. 59 per lb. 2 hrs. @ 516 per hr. 2 hrs. 512 per hr Actual 49.100 lbs. $9.20 per 1b. 15,800 hrs. $16.60 per he. $200,400 3.100 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 Actual CONI Standard Cont