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. xercise 21-9 (Algo) Direct materials variances LO P3 ompute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by lecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) Q= Actual Quantity Q= Standard Quantity P = Actual Price P= Standard Price