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 Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $16 per DLH 2 DLH @ $12 per DLH Actual Results 47,900 pounds @ $8.20 per pound 15,400 hours @ $16.60 per hour $ 196,100 7,900 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance b 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 Cost Standard Cost