5 Using the following product information, calculate the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable... Actual direct materials wood (AQ) Actual units produced Actual cost of direct materials used Direct materials standard (4 pounds $25 per pound) AQ Actual Quantity 15,655 pounds 4,690 unite $530,665 100 SQ Standard Quantity AP Actual Price SP Standard Price Note Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Actual Gost AQ AP 19.055 $ 0 AQ SP 19,655 $ O $ $ Standard Cost