(Solved): Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the e ...

Required information Use the following information for the Exercises below. (Algo) The following infomation applies to the questions displayed betow? A manufactured product has the following information for June. Exercise 21-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate varance and (2) direct labor elficiency variance. (Indicate the effect of eoch varionce by selocting fovorable, unfovorable, or no varionce. Round "Rate per hour" answers to 2 decimal places.) $\begin{array}{l}\mathrm{AH}=\text{ Actual Hours }\\ \mathrm{SH}=\text{ Standard Hours }\\ \text{ AR = Actual Rate }\\ \text{ SR = Standard Rote }\end{array}$