Required information Use the following information for the Exercises below. The following formation applies to the questions displayed below A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured 5 lbs. 3 hrs. 3 hrs. Standard 58 per 15. $16 per hr $12 per hr. Actual 44.100 lbs. 58.20 per 1b. 25.800 hrs. $16.40 per hr. $319,900 Exercise 21-9 Direct materials variances LO P3 Compute the direct materiais price variance and the direct materials quantity variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ - Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price