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.)
  

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Exercise 21-10 Direct labor variances LO P3 = Standard 5 lbs. @ $9 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. AH = Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate = 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.) Actual 39,500 lbs. @ $9.20 per lb. 15,200 hrs. @ $16.50 per hr. $193,600 7,800 Actual Cost Unfavorable Standard Cost