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part 1 & 2 please [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials

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part 1 & 2 please
[The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (7 lbs. e $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. $13 per hr.) Actual 49,500 lbs. 4 $8.10 per lb. 13,600 hrs. @ $17.50 per hr. $187,800 7,000 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (7 lbs. e $8 per lb.) (2 hrs. $17 per hr.) (2 hrs. e $13 per hr.) Actual 49,500 lbs. @ $8.10 per lb. 13,600 hrs. $17.50 per hr. $187,800 7,000 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost

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