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[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

	Standard Quantity and Cost	Actual Results
Direct materials	5 pounds @ $8 per pound	36,400	pounds @ $8.10 per pound
Direct labor	3 DLH @ $15 per DLH	21,300	hours @ $15.50 per hour
Overhead	3 DLH @ $13 per DLH	$ 286,300
Units manufactured		7,200	units

Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price