Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Direct matoriale Direct labor Overhead Units sanufactured Standard 5 150 per lb. 3 hrs 516 perhe. 3 hrs. 512 per hr. Actual 36,100 lbs @ $8.20 per lb. 21,000 hr. 8 516.40 per hr. 5261,600 7.100 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 Actual Cost Standard Cost $ 0 s 0 5 of 0 Required information The following information applies to the questions displayed below! A manufactured product has the following information for June Dit terlalu Direct labor Overhead Unite manufactured tandard 5lbe pet lb. 3 516 per hr. 3 . 512 pet he Ketua 36,100 10.80.20 per 10 21,000 hrs. $16.40 per le 5261,600 7.100 Compute the direct labor rote vertance and the direct laboratliciency variance Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour answers to 2 decimal places.) AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Acu Cost Standard Cont D 5 $ 0