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Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Direct materials Direct labore Overhead Units manufactured Standard 7 lbs) per lb. 2 hes. 516 per hr 2 hrs. 512 per hr Actual 68,800 lbs 9:20 per Ib. 16,000 hrs. $16.60 per hr. 5212.800 8,600 Compute the direct materials price vanance and the direct materials quantity variance (Indicate the effect of each varian selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AD - Actual Quantity SQ - Standard Quantity AP Actual Price SP- Standard Price Nchi Co Standard Cont

10 E 6 F 5 H V B M 20 Compute the direct matenals price variance and the direct materials quantity variance (Indicate the effect of each variance by celecting for favorable, unfavorable, and 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 Stands 5 1 5 Despite De mistance Tiwarance 0 ME KEEW

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