A manufactured product has the following information for June. Direct materials Direct labor Overhead Standard 5 lbs. @$7 per lb. 2 hrs. @ $16 per hr.. 2 hrs. @ $12 per hr. Units manufactured Actual 42,100 lbs. @$7.10 per lb. 16,300 hrs. @$16.60 per hr.. $205,400 8,300 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 SP Actual Price Standard Price Actual Cost Standard Cost