! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @ $7 per pound 2 DLH@ $15 per DLH 2 DLH @ $12 per DLH Direct materials Direct labor Overhead Units manufactured Exercise 21-9 (Algo) Direct materials variances LO P3 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.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost $ 0 $ Actual Results 46,100 pounds @ $7.20 per pound 14,900 hours @ $15.40 per hour $ 188,900 7,600 units 0 0 $ 0 Standard Cost

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions olisplayed below] A manufactured product has the following information for June Exercise 21-9 (Algo) Direct materials variances LO P3 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.) AQ=ActualQuantitySQ=StandardQuantityAP=ACtualPriceSP=StandardPrice