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. $8 per Ib. 2 hrs. @ $17 per hr. 2 hrs. @ $12 per hr. Actual 43,100 lbs. @ $8.18 per lb. 13,800 hrs. 9 $17.50 per hr. $176,200 7,100 Compute the direct materiais 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 Actual Cost Standard Cost