ng Enabled: Exam 2 Information for a company's production activities for this year follows. Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor Actual direct materials used Actual direct labor used Actual units produced AN = Actual Hours SH = Standard Hours AR = Actual Rate SR= Standard Rate Complete this question by entering your answers in the tabs below. Required 1 Required 2 3 Calculate the direct materials price and quantity variances. Indicate whether each is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost $ AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price 12 $ 4.00 $ 148,218 $ $ 36,600 $ 148,230 148,218 Favorable 0 Favorable 3 pounds at $4.00 per pound 2 hours at $46.00 per hour 36,600 pounds at $4.05 per pound 19,620 hours at $46.10 per hour 10,120 units Standard Cost +

Actuin direct iabor ined Actuet onits prodiced Ar * Actual Hours Ar = Actuat tours SH=St tandhre Hours Ah = Acfust Rate SR = Standard hate AO = xctuat Quantity 50= Standard goantity Actuat pirice Actusi price standand Price Complete this question by entering vour answers in the taba below, Calculate the direct materials price and quantity variances. Indicato whether each is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance