Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June Compute the (1) direct materials price variance and (2) direct materials quantity variance. Note: Indicate the effect of each variance by selecting fovorable, unfovorable, or no variance. Round "Cost per unit" answers to 2 decimel ploces. AQ= Actual Quantity SQ= Standard Quantity AP Actual Price SP = Standard Price AQ= Actual Quantity SQ= Standard Quantit) AP= Actual Price SP= Standard Price Required informetion [The following information applies to the questions displayed below] A manufactured product has the following information for June Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. Note: Indicate the effect of each varionce by selecting fovorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places. AH= Actual Hours SH= Standard Hours AR= Actual Rate SR= Standard Rate AH= Actual Hours SH= Standard Hours AR= Actual Rate