A manufactured product has the following information for June.

	Standard	Actual
Direct materials	6 lbs. @ $9 per lb.		53,300	lbs. @ $9.20 per lb.
Direct labor	3 hrs. @ $15 per hr.		26,200	hrs. @ $15.50 per hr.
Overhead	3 hrs. @ $11 per hr.	$	296,900
Units manufactured			8,800

Question 1. 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

Question 2. 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