Required information. (The boloving information applies to the questions duployed orelow) A manufactured product has the following infomation for June. Compute the (t) direct matedials price variance and (2) dicect materials quantity valance. (indicate the effect of each variance by selecting favorable. anfavorable, or no variance. Aound "Cost per unit" answers to 2 decimal places) AQ=ActialQuantity5Q=StandardQuantityAP=ActualPriceSP=StandardPrice Required information [The following information applies to the questions displayed below.]. A manufactured product has the following information for June. Compute the (I) 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=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice