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Use the following information for the Exercises below. $($Static$)$

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A manufactured product has the following information for June.

Standard Quantity and Cost Actual Results

Direct materials $6$ pounds @ $$8$ per pound $48,500$ pounds @ $$8\mathrm{.}10$ per pound

Direct labor $2$ DLH @ $$16$ per DLH $15,700$ hours @ $$16\mathrm{.}50$ per hour

Overhead $2$ DLH @ $$12$ per DLH $ $198,000$

Units manufactured $8,000$ units

Exercise $23-10($Static$)$ Direct labor variances LO P$3$

Compute the $(1)$ direct labor rate variance and $(2)$ direct labor efficiency variance.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to $2$ decimal places.

AH $=$ Actual Hours

SH $=$ Standard Hours

AR $=$ Actual Rate

SR $=$ Standard Rate