A manufactured product has the following information for June.
| Standard |
Actual |
| Direct materials |
(6 lbs. @ $8 per lb.) |
|
49,700 |
lbs. @ $8.10 per lb. |
| Direct labor |
(2 hrs. @ $17 per hr.) |
|
16,200 |
hrs. @ $17.40 per hr. |
| Overhead |
(2 hrs. @ $12 per hr.) |
$ |
202,700 |
|
| Units manufactured |
|
|
8,200 |
|
Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.