A manufactured product has the following information for June.

	Standard	Actual
Direct materials	6 lbs. @ $8 per lb.		50,400	lbs. @ $8.20 per lb.
Direct labor	2 hrs. @ $16 per hr.		16,400	hrs. @ $16.60 per hr.
Overhead	2 hrs. @ $13 per hr.	$	222,300
Units manufactured			8,300

Exercise 21-9 Direct materials variances LO P3

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

A manufactured product has the following information for June.

	Standard	Actual
Direct materials	6 lbs. @ $8 per lb.		50,400	lbs. @ $8.20 per lb.
Direct labor	2 hrs. @ $16 per hr.		16,400	hrs. @ $16.60 per hr.
Overhead	2 hrs. @ $13 per hr.	$	222,300
Units manufactured			8,300

Exercise 21-10 Direct labor variances LO P3

Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate

AP = Actual Price SP = Standard Price