munity College | Grand Rapids Community.. PortalGuard - Portal Access M Question 4 - Ch 21 Quiz Quiz Saved Required information [The following information applies to the questions displayed below.] 2 of 3 A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 7 pounds @ $9 per pound 61, 300 pounds @ $9. 10 per pound Direct labor 3 DLH @ $16 per DLH 25, 900 hours @ $16.50 per hour Overhead 3 DLH @ $11 per DLH $ 293, 200 Units manufactured 8, 700 units Hint Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each 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 Actual Cost Standard Cost $ 0 0 $ oo