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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 Standard 6 lbs. Se per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $12 per hr. Actual 48,600 lbs. $8.10 per lb. 15,600 hrs. @ $15.50 per hr. $197,800 8,000 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP - Standard Price Standard Cont Aptual Cost $ 0 0 $ $ 0 0 Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materiala Direct labor Overhead Unita manufactured Standard 6 lbs. e $8 per lb. 2 hrs. $15 per hr. 2 hrs. $12 per hr. Actual 48,600 lbo. $8.10 per lb. 15,600 hrs. $15.50 per hr. $197,800 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour answers to 2 decimal places.) AH = Actual Hours SH - Standard Hours AR = Actual Rate SR Standard Rate Actual Cont Standard Cost AH X AR AH x SR SH X SR X X X $ $ 0 $ Direct labor rate variance Direct labor officiency variance Total direct labor variance o unfavorable O Favorable Unfavorable