homework i Saved Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 5 1bs. @ $8 per 1b. 41, 400 1bs. @ $8.20 per 1b. Direct labor 2 hrs. @ $17 per hr. 16, 100 hrs. ( $17.40 per hr. Overhead 2 hrs. @ $12 per hr. $203, 100 Units manufactured 8, 200 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.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price ices Actual Cost Standard Cost AQ AP AQ SP SQ SP $ 0 $ 0 Direct materials price variance $ 0 Unfavorable Direct materials quantity variance Unfavorable Total direct materials variance Unfavorable