A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds $8 per pound 2 DLH @$17 per DLH 2 DLH @ $12 per DLH Actual Results $ 200,900 49,100 pounds @ $8.20 per pound 15,800 hours @ $17.40 per hour 8,100 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 Answer is not complete. Actual Cost Standard Cost AQ X AP AQ X SP SQ X SP 15,800 x $17.40 x 15,800 x X $17.00 x 16,200x X $17.00 x $274,920 $268,600 $275,400 Direct labor efficiency variance Direct labor rate variance Total direct materials variance $ 6,320 x $6,320 Unfavorable 6,800 Favorable Favorable $ (6,800)