A manufactured product has the following information for June. Direct materials Direct labor Standard Quantity and Cost 6 pounds $9 per pound $17 per DLH 3 DLH Overhead 3 DLH $12 per DLH D Units manufactured Actual Results 52,800 pounds @ $9.20 per pound 25,800 hours $17.60 per hour $ 318,900 8,700 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance 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 Actual Cost Standard Cost Required information AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Actual Cost Standard Cost