Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $8 per pound 44, 300 pounds @ $8. 10 per pound Direct labor 3 DLH @ $15 per DLH 21, 700 hours @ $15.50 per hour Overhead 3 DLH @ $12 per DLH. $ 268, 400 Units manufactured 7, 300 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 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 Actual Cost Standard Cost