A manufactured product has the following Information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $7 per pound 3 DLH @ $16 per DLH 3 DLH @ $11 per DLH Actual Results $ 277,300 49,700 pounds @ $7.20 per pound 24,200 hours @ $16.40 per hour 8,200 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance. Round "Cost per unit" answers to 2 decimal places.) AQ Actual Quantity ESQ Standard Quantity AP = Actual Price SP Standard Price Actual Cost $ 0 $ 0 $ Standard Cost