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A manufactured product has the following information for June. Direct materials Direct labor Overhead Units...

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Accounting

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A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 5 pounds @ $8 per pound 3 DLH @ $17 per DLH 3 DLH @ $12 per DLH Actual Results 43,600 pounds @ $8.10 per pound 25,500 hours @ $17.50 per hour $ 315,800 8,600 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each varian 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 $ 0 $ 0 $ 0 0

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