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Use the following information for the Exercises below. (Algo)

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A manufactured product has the following information for June.

	Standard Quantity and Cost	Actual Results
Direct materials	5 pounds @ $9 per pound	44,000	pounds @ $9.10 per pound
Direct labor	3 DLH @ $15 per DLH	25,900	hours @ $15.50 per hour
Overhead	3 DLH @ $12 per DLH	$ 319,800
Units manufactured		8,700	units

Exercise 23-10 (Algo) Direct labor variances LO P3

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