A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 5 pounds @ $8 per pound 2 DLH @ $15 per DLH 2 DLH @ $13 per DLH Actual Results 41,600 pounds @ $8.10 per pound 16,100 hours @ $15.40 per hour $ 219,000 8,200 units Exercise 21-9 (Algo) Direct materials variances LO P3 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 AQ AP 41,600 S 8.10 $ 336,960 $ 4,160 AQ 41,600 X SP x $ 8.00 $ 332,800 $ 4,160 0 $ 0 Standard Cost SQ X SP X $ 8.00 ! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 5 pounds @ $8 per pound 2 DLH @ $15 per DLH 2 DLH @ $13 per DLH Actual Results 41,600 pounds @ $8.10 per pound 16,100 hours @ $15.40 per hour $ 219,000 8,200 units Exercise 21-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or 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 $ 0 $ 0 0 $ 0 Standard Cost