(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 5 lbs. @ $9 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $13 per hr. Actual 39,900 lbs. @ $9.10 per lb. 23,400 hrs. @ $16.50 per hr. $315,000 7,900 Exercise 21-10 Direct labor variances LO P3 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 Answer is complete but not entirely correct. Actual Cost Standard Cost AH AR AH SH SR SR $ 516.00 23,400 $38.50 X 23,400 23,700 $ 16.00 $ 900,900 $ 12,074,400 $ 379,200 $ 11,173,500 $ 11,695,200 Direct labor rate variance Unfavorable Direct labor efficiency variance Total direct labor variance $ 11,173,500 11,695,200 $ 8,900 Favorable Unfavorable