Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 7 pounds @ $7 per pound 3 DLH@ $17 per DLH 3 DLH@ $12 per DLH Direct materials Direct labor Overhead Units manufactured 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 Actual Results 59,300 pounds @ $7.20 per pound 24,900 hours @ $17.50 per hour $ 307,500 8,400 units Actual Cost Standard Cost

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Compute the (t) 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=ActualQuantity