Required information Use the following information for the Exercises below. [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. 3 hrs. @$15 per hr. 3 hrs. @ $13 per hr. Actual 60,eee lbs. @ $8.10 per lb. 25, 300 hrs. @ $15.50 per hr. $337,700 8,5ee Exercise 21-9 Direct materials variances LO P3 Compute the direct materials 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 CO Standardanti Activate Win Go to Settings to A Prev 3 4 Next > Saved omework Help Save & Exit Required information Compute the direct materials 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 Actual Cost Standard Cost Activate Win Go to Settings to 8 Required information Use the following information for the Exercises below. 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. 3 hrs. $15 per hr. 3 hrs. $13 per hr Actual 6e, eee lbs. @ 58.10 per lb. 25,300 hrs. @ $15.50 per hr. $337,700 8,500 Exercise 21-10 Direct labor variances LO P3 Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting favorable, unfavorable, and no variance. Round "Rate per hour answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours Exercise 21-10 Direct labor variances LO P3 1 of Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH= Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate 1:42:33 Actual Cost Standard Cost Activate Window Go to Settings to activat