0 7 Part 2 of 3 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 5 pounds @ $9 per pound 43,900 pounds @ $9.10 per pound Direct labor 3 DLH @ $16 per DLH 25,700 hours @ $16.50 per hour Overhead 3 DLH @ $12 per DLH $ 319,200 Units manufactured 8,700 units 02:28:02 Compute the (t) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ - Actual Quantity SQ - Standard Quantity AP Actual Price SP Standard Price Actual Cost Standard Cont B 3 of 3 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 5 pounds @ $9 per pound 43,900 pounds @ $9.10 per pound Direct labor 3 DLH @ $16 per DLH 25,700 hours $16.50 per hour Overhead 3 DLH $12 per DLH $ 319,200 Units manufactured 8,700 units 02:27:52 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 Actual Cost Standard Cost