A manufactured product has the following information for June.

	Standard	Actual
Direct materials	7 lbs. @ $9 per lb.		52,300	lbs. @ $9.10 per lb.
Direct labor	2 hrs. @ $16 per hr.		14,500	hrs. @ $16.50 per hr.
Overhead	2 hrs. @ $13 per hr.	$	198,600
Units manufactured			7,400

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 "Rate per hour" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

Actual Cost								Standard Cost
SQ		SP		AQ	x	AP		AQ		SP
					x
			$0	0			$0
				$0
				0