mework Saved 3 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 Standard Quantity and Cost 7 pounds @$9 per pound 2 DLH @ $17 per DLH 54:59 2 DLH @ $13 per DLH Units manufactured book Actual Results $ 200,400 53,000 pounds @ $9.20 per pound 14,700 hours @ $17.50 per hour 7,500 units Compute the (1) direct materials price variance and (2) direct materials quantity 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 Standard Quantity SQ Hint AP Actual Price SP Standard Price: Print ferences Actual Cost $ 0 $ 0 0 $ Standard Cost