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A manufactured product has the following information for June. Standard...

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Accounting

A manufactured product has the following information for June.
Standard Quantity and Cost Actual Results
Direct materials 5 pounds @ $9 per pound 38,100 pounds @ $9.10 per pound
Direct labor 3 DLH @ $16 per DLH 22,200 hours @ $16.60 per hour
Overhead 3 DLH @ $12 per DLH $ 276,300
Units manufactured 7,500 units
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

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