A manufactured product has the following information for June. Direct materials Direct labor Overhead Standard 5 lbs. @ $8 per lb. 2 hrs. $17 per hr.. 2 hrs. $13 per hr. Units manufactured Actual 44,000 lbs. @ $8.20 per lb. 17,200 hrs. $17.50 per hr. $232,000 8,700 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each varian 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 Standard Direct materials 5 lbs. $8 per lb. Direct labor 2 hrs. $17 per hr. Overhead 2 hrs. $13 per hr. Units manufactured Actual 44,000 lbs. @ $8.20 per lb. 17,200 hrs. $17.50 per hr. $232,000 8,700 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by s favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost Standard Cost