A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. $9 per lb. 3 hrs. $15 per hr. 3 hrs. $12 per hr. Actual 43,600 lbs. $9.20 per 1b. 25,400 hrs. $15.50 per he. $316,600 8,600 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 AQ X AP $ 0 $ 0 $ 0 0