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A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. $8 per lb.) 49,100 lbs.@ $8.10 per lb Direct labor

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A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. $8 per lb.) 49,100 lbs.@ $8.10 per lb Direct labor Overhead Units manufactured (3 hrs.@ $16 per hr.) 24,100 hrs. @ $16.40 per hr. (3 hrs. @$11 per hr.) $273,800 8,100 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost

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