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Required information (The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Direct materials Direct labor Overhead Units manufactured lbs. $7 per lb.) (3 hrs. $17 per hr.) (3 hrs. $12 per$329,700 hr.) lbs. $7.28 per lb, 45,400 hrs. $17.5e per hr. 26,780 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is fevorable o unfavorable AQ Actual Quantity Sa Standard Quantity APActual Price SP Standard Price ^ Next > 24 25 of 27 Prey