A manufactured product has the following information for June.

Standard Quantity and Cost Actual Results

Direct materials $6$ pounds @ $$8$ per pound $49,200$ pounds @ $$8\mathrm{.}10$ per pound

Direct labor $3$ DLH @ $$16$ per DLH $24,000$ hours @ $$16\mathrm{.}60$ per hour

Overhead $3$ DLH @ $$12$ per DLH $ $296,900$

Units manufactured $8,100$ units

Compute the

$(1)$ direct materials price variance and

$(2)$ direct materials quantity variance.

AQ $=$ Actual Quantity

SQ $=$ Standard Quantity

AP $=$ Actual Price

SP $=$ Standard Price