Check my work 2 ! Part 1 of 2 Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below.] 0.75 points A manufactured product has the following information for June. Standard Quantity and cost 6 pounds $8 per pound 3 DLH @ $16 per DLH 3 DLH & $12 per DLH Direct materials Direct labor Overhead Units manufactured eBook Actual Results 53,400 pounds @ $8.10 per pound 26,000 hours @ $16.50 per hour $ 323,500 8,800 units Print References Exercise 23-9 (Algo) Direct materials variances LO P3 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 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 = = Actual Cost Standard Cost $ 0 $ 0 0 O