A manufactured product has the following information for June.A) 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

B) Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate

Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. @ $8 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Actual 53,600 lbs. @ $8.10 per lb. 22,500 hrs. @ $16.40 per hr. $ 279,800 7,600 Actual Cost Standard Cost $ 0 $ 0 $ O O Actual Cost Standard Cost $ 0 $ 0 $ 0 0