18) A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. @ $8 per lb.) 53,300 lbs. @ $8.10 per lb. Direct labor (2 hrs. @ $15 per hr.) 17,400 hrs. @ $15.40 per hr. Overhead (2 hrs. @ $13 per hr.) $ 234,100 Units manufactured 8,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.>
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18) A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. @ $8 per lb.) 53,300 lbs. @ $8.10 per lb….
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