Required information [The following information applles to the questions displayed below] A manufactured product has the following information for June. Compute the (1) direct labor rate variance and (2) direct labor efficlency vartance. Indicate the effect of each variance fovorable, unfovoroble, or no voriance. Round "Rote per hour" answers to 2 decimal places.) AH=ActuaiHoursSH=StandordHoursAR=ActualRateSR=StandardRote Compute the (1) direct labor rate variance and (2) direct labor efficiency variance (Indicate the effect of each variance by selecting fovorable, unfovorable, or no variance. Round "Rate per hour" onswers to 2 decimal places.) AH=ActualHours SH = Stondard Hours