A manufactured product has the following information for June.

Standard

Actual

Direct materials

(6 lbs. @ $8 per lb.)

54,000

lbs. @ $8.10 per lb.

Direct labor

(3 hrs. @ $16 per hr.)

26,400

hrs. @ $16.40 per hr.

Overhead

(3 hrs. @ $12 per hr.)

$

326,700

Units manufactured

8,900

AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.

Actual Cost								Standard Cost
				0