Chapter 21 Assignment i Saved 6 Required Information [The following Information applies to the questions displayed below.] Part 3 of 3 A manufactured product has the following Information for June. 1.42 points Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $7 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $13 per hr. Actual 53,900 lbs. @ $7.20 per lb. 17,600 hrs. @ $15.50 per hr. $238,100 8,900 eBook 00 Hint Compute the direct labor rate varlance and the direct labor efficiency varlance. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and no varlance. Round "Rate per hour" answers to 2 decimal places.) Print AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate References Actual Cost Standard Cost s 0 s 0 S 0 0 MC Graw Hill