A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds $7 per pound Direct materials Direct labor 3 DLH $15 per DLH Overhead 3 DLH $13 per DLH Units manufactured Actual Results 46,100 pounds $7.20 per pound 22,500 hours @ $15.50 per hour 7,600 units $ 301,900 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 Standard Cost