3 Direct materials Direct labor Overhead Units manufactured 6 lbs. $7 per lb. 2 hrs. $15 per hr. 2 hrs. e $11 per hr. 49,100 lbs. $7.20 per lb. 15,900 hrs. @ $15.50 per hr. $184,600 8,100 Part 2 of 3 85 aints 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 Skipped eBook Standard Cont Actual Cost Hint Print eferences $ 0 s $ 0 0 3 Direct materials Direct labor Overhead Units manufactured 6 lbs. $7 per lb. 2 hrs. $15 per hr. 2 hrs. $11 per hr. 49,100 lbs. $7.20 per lb. 15,900 hrs. $15.50 per hr. $184,600 8,100 Part 2 of 3 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.) 85 aints Skipped AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP = Standard Price eBook Actual Cost Standard Cost Hint Print ferences $ 0 $ 0 $ 0 0