Required information The following information applies to the questions displayed below A manufactured product has the following information for June. Actual 61,3ee bs. $8.10 per 17,eee hrs. $17.se pen Standard Direct materials (7 1bs. s8 pen 1b.) (2 hrs. 0 $17 per hr.) (2 hrs. e $12 per hr.) lb. Direct labor Overhead Units manufactured $213,800 8,700 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price