A manufactured product has the following information for June.

	Standard Quantity and Cost	Actual Results
Direct materials	6 pounds @ $8 per pound	49,700	pounds @ $8.20 per pound
Direct labor	3 DLH @ $15 per DLH	24,300	hours @ $15.50 per hour
Overhead	3 DLH @ $12 per DLH	$ 302,100
Units manufactured		8,200	units

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

AQ 49,700 Actual Cost X X $ 407,540 $ AP 8.20 $ (2 0 $ AQ 0 0 X X SP $ 0 SQ Standard Cost X X SP Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Standard Cost Actual Cost