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A manufactured product has the following information for June. table [ [ , Standard Quantity and Cost,Actual Results ] , [ Direct materials, 7

A manufactured product has the following information for June.
\table[[,Standard Quantity and Cost,Actual Results],[Direct materials,7 pounds @ $8 per pound,55,900 pounds @ $8.20 per pound],[Direct labor,3 DLH @ $16 per DLH,23,500 hours @ $16.40 per hour],[overhead,3 DLH @ $12 per DLH,$289,700 units]]
Compute the
(1) direct materials price variance and
(2) direct materials quantity variance.
Note: 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
\table[[Actual Cost,],[,,],[,,],[,,]]
\table[[,,],[,,],[,,],[,,]]
\table[[Standard Cost,],[,,],[,,],[,,]]
\table[[,,,],[,,,]]
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