Required information Use the following information for the Exercises below. (Algo) {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 Quantity and cost 5 pounds @ $8 per pound 2 DLH @ $17 per DLH 2 DLH @ $11 per DLH Actual Results 39,500 pounds @ $8.18 per pound 15,300 hours $17.50 per hour $ 177,600 7,800 units Exercise 21-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance (Indicate the effect of euch variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) Required information AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost $ 0 $ 0 $ 0 0