Problem 6 (6 points each 12 points) 8 Direct material Price Variance is (AQ AP) (AQ* SP) or (AP - SP)AQ A company developed the following per-unit standard for its product: direct materials at $5 per pound. o Last month, 2,000 pounds of direct materials were actually purchased for $10,400. 1 The direct materials price variance for last month was: Please show work. Direct material Quantity Variance is (AQ* SP)- (SQ SP) or (AQ- SQ)SP 0 The per-unit standards for direct materials are 2 gallons at $5 per gallon 1 Last month, 11,000 gallons of direct materials was actually used to produce 6,100 units of product. 2 The direct materials usage (quantity) variance for last month was: Please show work