Chapter 21 Homework Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 5 Required information Part 3 of 3 (The following information applies to the questions displayed below.] A manufactured product has the following information for June. 14.28 points Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $9 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $13 per hr. Actual 42,500 lbs. @ $9.20 per lb. 25,000 hrs. @ $16.50 per hr. $334,200 8,400 03:10:33 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Chapter 21 Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question ALIE nadi. Ille 5 Required information SR = Standard Rate Part 3 of 3 Answer is not complete. Actual Cost Standard Cost 14.28 points AR AH X SR SH X SR AH 25,000 5,000 16.00 X 16.00 03:10:27 $ 400,000 412,500 $ 12,500 $ 0 Direct labor rate variance Unfavorable $ 12,500 0 Direct labor efficiency variance Total direct labor variance Favorable Unfavorable