! Required Information The following information applies to the questions displayed below.) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. . $8 per lb.) 13 hrs. $15 per hr.) (3 hrs. e $11 per hr.) Actual 49, 100 lbs. $8.20 per 1b. 24,100 hrs. $15.50 per he. $273,200 0,100 AQ - Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price Compute the direct materials price varlance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost $ 0 $ 0 $ 0 0 AH = Actual Hours SH - Standard Hours AR = Actual Rate SR Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost 5 g $ 0 $ 0 0