Required Information [The following information applies to the questions displayed below) A manufactured produce has the following Information for June Standard Actual Direct materials 6 lbs. 58 per lb. 48,500 lbs. @ $8.10 per lb. Direct labor 2 hrs. $16 per hr. 15,700 hrs. $16.50 Overhead 2 hrs. @ $12 per hr. $198, Units manufactured $198.000 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 "Rete per hour" answers to 2 decimal places.) AH = Actual Hours SH - Standard Hours AR = Actual Rate SR - Standard Rate Standard Cost Actual Cost Prey 3 of 5 Next >