The following information applies to the questions displayed below] A manufactured product has the following information for June. Actual 46,000 lbs. $8.10 per lb. Standard Direct materials Direct labor Overhead Units manufactured 6 1bs. $8 per lb.) (3 hrs. $17 per hr.) 22,600 hrs. $17.60 per hr (3 hrs. @ $13 per hr.) S302,400 7,600 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost Standard Cost AH Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost AH