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. 38 per lb. 3 h 516 pech. hrs. 512 pet hr. Actual 46,000 lbs.50.10 per lb. 22,000 br. 516.30 per hr 5273.400 7,400 of 3 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 Book srences Actual Cost Standard Cost