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A manufactured product has the following information for June. Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect

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A manufactured product has the following information for June. Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each varianc 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

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