[The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Actual Direct materials 6 lbs. $8 per lb. 48, see lbs. @ $8.10 per lb. Direct labor 2 hrs. $16 per hr. 15,700 hrs. @ $16.50 per hr. Overhead 2 hrs. $12 per hr. $198,000 Units manufactured 8,000 1 Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting for 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 ances Actual Cost Standard Cost