Required information [The following information applies to the questions displayed below.) One of Peter Drinkwater International product has the following information for September. Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $9 per lb. 3 hrs. @ $15 per hr. 3 hrs. @ $12 per hr. Actual 36,900 lbs. @ $9.20 per lb. 21,600 hrs. @ $15.40 per hr. $268,900 7,300 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 $ 0 $ 01 0