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6 Part 2 of 3 12.5 points eBook [The following information applies to the questions displayed below.] A manufactured product has the following information for
6 Part 2 of 3 12.5 points eBook [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 AQ - Actual Quantity SQ = Standard Quantity AP Actual Price SP Standard Price Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) Actual Cost + Standard Quantity and Cost 6 pounds @ $9 per pound 2 DLH @ $15 per DLH 2 DLH @ $13 per DLH $ 0 $ Actual Results 43,000 pounds @ $9.10 per pound 14,000 hours @ $15.50 per hour 7,100 units $ 190,100 0 0 $ 0 Standard Cost
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