Check my work 2 ! Required information Part 2 of 3 (The following information applies to the questions displayed below. A manufactured product has the following information for June. 14.28 points Standard 6 lbs. @ $8 per lb. 2 hrs. @ $17 per hr. 2 hrs. @ $13 per hr. Direct materials Direct labor Overhead Units manufactured Actual 42,400 lbs. @ $8.20 per lb. 13,600 hrs. @ $17.40 per hr. $ 188,500 7,000 Skipped eBook 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.) of Hint AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP Price Print Actual Cost Standard Cost References $ 0 $ 0 $ 0 0 Check my work 3 Part 3 of 3 Part 3 of 3 Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. 14.28 points Standard 6 lbs. @ $8 per lb. 2 hrs. @ $17 per hr. 2 hrs. @ $13 per hr. Direct materials Direct labor Overhead Units manufactured Actual 42,400 lbs. @ $8.20 per lb. 13,600 hrs. @ $17.40 per hr. $ 188,500 7,000 Skipped eBook 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.) Hint AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Print References Actual Cost Standard Cost $ 01 $ 0 $ 0 0