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 (7 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $12 per hr.) AQ = Actual Quantity SQ = Standard Quantity AP= Actual Price SP Standard Price Actual 50,200 lbs. @ $8.10 per lb. 13,900 hrs. @ $16.40 per hr. $175,600 7,100 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.

Please ignore whats in the table if it is incorrect

Required information The following information apples to the questions disployed below) A manufactured product has the following information for June. Compute the direct materials price variance and the direct materials quantity variance, Indicate whether each variance is favorable of unfavorable. AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice A manufactured product has the following information for June. Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ=ActualQuantifySQ=StandardQuantityAP=ActualPriceSP=StandardPrice