### Required Information**[The following information applies to the questions displayed below.]**A manufactured product has the following information for June:| | Standard Quantity and Cost | Actual Results ||---------------------------|----------------------------------|--------------------------------------|| Direct materials | 6 pounds @ $8 per pound | 46,100 pounds @ $8.20 per pound || Direct labor | 3 DLH @ $16 per DLH | 22,500 hours @ $16.50 per hour || Overhead | 3 DLH @ $12 per DLH | $278,600 || Units manufactured | 7,600 units | |Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. **(Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.)**- **AH = Actual Hours**- **SH = Standard Hours**- **AR = Actual Rate**- **SR = Standard Rate**---### Diagram ExplanationThe diagram displays a table with two sections, "Actual Cost" and "Standard Cost," with spaces to fill in calculations for various cost components. - **Actual Cost**: Contains areas to write in actual costs incurred during production.- **Standard Cost**: Contains areas to record the expected (standard) costs for the production.These sections are used to calculate and compare actual costs versus standard costs, which will help in determining variances that are either favorable, unfavorable, or present no variance.

Answer : Actual cost Standard cost AH AR AH SR SH SR 22,500 $16.50 22,500 $16 22,800 $16 $371,250 $360,000 $364,800 $11,250 $4,800 Standard hour = 3*7600 = 22,800Direct labor rate valiance $11,250 Unfavorable Direct labor efficiency variance $4800 Favorable Direct labor variance $6,450 Unfavorable