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 AQ Actual Quantity SQ = Standard Quantity AP Actual Price SP Standard Price Standard Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $15 per DLH 2 DLH @ $12 per DLH Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) Actual Cost $ 0 $ 0 OO Actual Results 47,900 pounds @ $8.10 per pound 15,500 hours @ $15.60 per hour $ 196,200 7,900 units 0 $ 0 Standard Cost

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. ompute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by electing favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) Q=ActualQuantityQ=StandardQuantityP=ActualPriceP=StandardPrice