2 K ces Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP Standard Price Standard Quantity and Cost 5 pounds @ $8 per pound 2 DLH @ $17 per DLH 2 DLH @ $11 per DLH Actual Cost Actual Results 36,000 pounds @ $8.20 per pound 13,800 hours @ $17.40 per hour $ 162,000 Compute the (1) direct materials price variance and (2) direct materials quantity variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places. 7,100 units Standard Cost

Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June. Compute the (1) direct materials price variance and (2) direct materials quantity variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places. AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice