A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $8 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $11 per hr.) Actual 39,600 lbs. @ $8.20 per lb. 23,100 hrs. @ $16.60 per hr. $263,200 7,800 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is unfavorable. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost AQ AP x $ 0 $ 0 $ 0 0