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A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs....

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Accounting

A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs. @ $9 per lb. 44,900 lbs. @ $9.10 per lb. Direct labor 3 hrs. @ $16 per hr. 21,900 hrs. @ $16.50 per hr. Overhead 3 hrs. @ $12 per hr. $ 272,200 Units manufactured 7,400 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

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