Required information Use the following information for the Exercises below. [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 (5 lbs. (2 hrs. (2 hrs. Standard $8 per 1b.) 516 per hr.) 512 per hr.) Actual 35,400 lbs. $8.20 per lb. 14,800 hrs. $16.50 per hr. $187,90 7.600 Exercise 21-10 Direct labor variances LO P2 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable AH Actual Hours SH - Standard Hours AR Actual Rate SR = Standard Rate Actual Cost Standard Cost Next >