A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $13 per hr. 54,400 lbs. @ $8.10 per lb. 17,700 hrs. @ $16.50 per hr. $240,300 9,000 Direct labor Overhead Units manufactured Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate %3D Actual Cost Standard Cost 2$