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Required information [The following information applies to the questions displayed below.] A manufactured...

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Accounting

Required information
[The following information applies to the questions displayed below.]
A manufactured product has the following information for June.
\table[[Direct materials,Standard Quantity and Cost,Actual Results],[Direct labor,6 pounds @ $8 per pound,45,500 pounds @ $8.20 per pound],[Overhead,3 DLH @ $16 per DLH,22,200 hours @ $16.60 per hour],[Units manufactured,3 DLH @ $12 per DLH,$275,200 units]]
Compute the
(1) direct labor rate variance and
(2) direct labor efficiency variance.
Note: 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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