Exercise 21-9 (Algo) Direct materials variances LO P3 Compute the (1) direct materials price variance and (2) direct materials quantify 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 Exercise 21-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency vatiance (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance, Round "Rate per hour" answers to 2 decimal places.) AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] A manufectured product has the following information for June. Exercise 21.9 (Algo) Direct materials variances LO P3 Exercise 21-9 (Algo) Direct materials variances LO P3 Compute the (1) direct materials price variance and (2) direct materials quantify 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 Exercise 21-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency vatiance (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance, Round "Rate per hour" answers to 2 decimal places.) AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] A manufectured product has the following information for June. Exercise 21.9 (Algo) Direct materials variances LO P3