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 Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. $12 per hr. Actual 50,900 lbs. @ $8.10 per lb. 16,500 hrs. @ $16.50 per hr. $208,400 8,400 Required information Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting f 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 Actual Cost Standard Cost Required 1 | Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by s variance.) Total cost variance