elum UN-TIPS UJR/U21 /02FCONNECLuullIul.CUM wditor HMSFILE Illinois Stuff PPSPPS Medicarerates School NPPES NPI Registry O PA Acti Saved Required Information [The following information applies to the questions displayed below) A manufactured product has the following information for June. Direct saterials Direct labor Overhead Units canufactured 6 lbs. 2 hrs. 2 hrs. Standard 58 per lb. $16 per hr. 512 per hr. Actual 48,500 lbs. 58.10 per Ib. 15,700 hrs. @ $16.50 per hr $198.00 8.000 Compute the direct materials once variance and the direct materiais 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 = Actuuantity SQ - Standard Quantity AP - Actual Price SP - Standard Price