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 sanufactured Standard 5 lbs. 38 per ib. 2 hrs 516 perhe 2 hrs. 512 per hr Actual 43, See lbs. 38.10 per lb. 15,700 hrs. $16.50 per hr $198.000 3,000 Compute the direct materiais price variance and the direct materiais quantity variance (indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unir" answers to 2 decimal places.) AQ = Actual Quantity SQ - Standard Quantity AP Actual Price SP = Standard Price Actual Cost Standard Cost $ o 0 s