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 6 lbs. $9 per lb. 2 hrs. @ 515 per hr. 2 hrs. @ 512 per hr. Actual 45,500 lbs. @ 59.10 per lb. 14,700 hrs. $15.40 per hr $186, 800 7,580 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 AH - Actual Hours SH - Standard Hours AR Actual Rate SR - Standard Rate Actunl Cost Standard Cout $ 0 s 0 $ 0 0