Required Information [The following information applies to the questions displayed below) A manufactured product has the following Information for June Standard Actual Direct materials 6 lbs. 39 per lb. 45,500 lbs. $9.10 per tb. Direct labor 2 hrs. $15 per hr. 14.700 hrs. a $15.40 per hr. Overhead 2 hrs. $12 per hr. $186,800 Units sanufactured 7,500 Compute the direct materials price variance and the direct materials quantity variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ - Actual Quantity SQ - Standard Quantity APActual Price SP - Standard Price Standard Cost Actual Cost AQ 45.000 X AP 5 $ Help Save & Exit Sub Direct labor Overhead Units manufactured 2 hrs. @ $15 per hr. 2 hrs. @ $12 per hr. 14,700 hrs. e $15.40 per hr. $186,800 7,500 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ - Actual Quantity SQ - Standard Quantity AP Actual Price SP Standard Price Standard Cont Actual Cost AQ 45,000 X AP 0 $ 0 $ 0