Required informatio The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actua Direct materials Direct labor Overhead Units manufactured (6 lbs. $8 per lb.) (3 hrs. $17 per hr.) (3 hrs. $13 per hr.) $287,400 43,700 lbs. L $8.10 per lb 21,300 hrs. $17.50 per hr. 7,200 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