Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.

Required information The following information applies to the questions displayed below A manufactured product has the following information for June Standard Actual Direct materials Direct labor Overhead Units manufactured (6 lbs. $8 per lb.) 44,900 lbs. 8 $8.10 per 1b (2 hrs. e $15 per hr.)14,600 hrs. * s15.60 per hr. (2 hrs. e $13 per hr.) $199,300 7,400 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 whether each variance is favorable or unfavorable Actual Cost Standard Cost