4 A manufactured product has the following information for June Standard 5 lbs $ per lb. hr. 516 perhe 2 hr. 512 per hr. Direct materials Direct Labor Overhead Units manufactured Part 2 of 3 Actual 43,900 lbs. 38.10 per lb. 17.000 $16.50 per hr $214.900 8.700 4 points 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 Answer is complete but not entirely correct. AP x Actual Cost AQ X 43,900 x $ 355,590 17,000 SP $ 8.00 SQ 17,000 Standard Cost X SP X $16.60 3 S 282 200 $ 8.10 X $ 136,000 219,590 (146,200) Unfavorable Direct materials price variance Direct materials quantity variance $ 219,590 146,200 $ 312,090 Unfavorable O Total direct materials variance Unfavorable w