A manufactured product has the following information for June.

Standard Quantity and Cost Actual Results

Direct materials $6$ pounds @ $$8$ per pound $48,500$ pounds @ $$8\mathrm{.}10$ per pound

Direct labor $2$ DLH @ $$16$ per DLH $15,700$ hours @ $$16\mathrm{.}50$ per hour

Overhead $2$ DLH @ $$12$ per DLH $ $198,000$

Units manufactured $8,000$ 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