Please answer both parts in the format above, thank you!

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 Units manufactured Standard (6 lbs. @ $9 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $11 per hr.) Actual 50,400 lbs. @ $9.19 per lb. 24,600 hrs. @ $16.40 per hr. $280,680 8,300 Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable. AQ - Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost $ 0 op 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 Units manufactured Standard (6 lbs. @ $9 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $11 per hr.) Actual 50,400 lbs. @ $9.10 per lb. 24,600 hrs. @ $16.40 per hr. $280,600 8.388 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable AH - Actual Hours SH - Standard Hours AR - Actual Rate SR - Standard Rate Actual Cost Standard Cost