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 lb.) (3 hrs. @ $17 per hr.) (3 hrs. @ $12 per hr.) Actual 50, 900 lbs. @ 58.20 per lb. 24,900 hrs. @ $17.50 per hr. $309, 200 8,400 Compute the direct materials price variance and the direct materials quantity variance Indicate whether each w unfavorable AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP Standard Price Standard Cost Actual Cost 2025 or 27 # Next > Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variances favorable on unfavorable. AH - Actual Hours SH - Standard Hours AR - Actual Rate SR - Standard Rate Actual Cou