compute the direct materials price variance and tge direct materials quantity variance. indicate whether each variance is favorable or unfavorable

Required Information [The following information applies to the questions displayed below. A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $9 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $12 per hr.) Actual 52,700 lbs. $9.20 per lb. 17,100 hrs. @ $17.50 per hr. $215, 200 8,700 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ - Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cont $ / / 0 /