A manufactured product Direct materials Direct labor Standard Quantity and Cost 5 pounds $9 per pound 2 DLH $16 per DLH Overhead 2 DLH $12 per DLH Units manufactured Actual Results 40,000 pounds 15,400 hours $9.20 per pound $16.40 per hour $ 195,500 7,900 units 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.) AQ = Actual Quantity SQ Standard Quantity = AP Actual Price = SP Standard Price Actual Cost $ 0 $ 0 0 S 0 Standard Cost A manufactured product has the following information for June. Direct materials Direct labor Overhead. Units manufactured Standard Quantity and Cost 5 pounds $9 per pound 2 DLH $16 per DLH 2 DLH $12 per DLH Actual Results $ 195,500 40,000 pounds $9.20 per pound 15,400 hours @ $16.40 per hour 7,900 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH Actual Hours Standard Hours SH AR Actual Rate SR Standard Rate Actual Cost $ 0 $ 0 0 $ 0 Standard Cost