Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @ $8 per pound 3 DLH @ $16 per DLH 3 DLH @ $13 per DLH Direct materials Direct labor Overhead Units manufactured AQ = Actual Quantity SQ Standard Quantity AP= Actual Price SP = Standard Price Actual Results 45,000 pounds @ $8.20 per pound 21,900 hours @ $16.50 per hour $ 295,300 Compute the (1) direct materials price variance and (2) direct materials quantity variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places. Actual Cost 7,400 units Standard Cost

Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June. Compute the (1) direct materials price variance and (2) direct materials quantity variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places. AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice