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Required informotion [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. (Indicate the effect of each ve selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each selecting favorable, unfovorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice