6 Part 2013 Required information The following information applies to the questions displayed below! A manufactured product has the following information for June Standard Actual Direct materials 6 lbs. $0 per lb. 43,6061bs. $8.10 per 1b. Direct Tibor 2 hrs. @ $17 per he. 14.100 hrs. $17.60 per hr. Overhead 2 hes. $11 per he. 5164,000 Units manufactured 7.200 125 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 Actual Cost Standard Cost Required information 6 AQ = Actual Quantity SQ=Standard Quantity AP Actual Price SP Standard Price Part 2 of 3 Standard Cont Actual cos 12.5 point