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 Direct materials Standard Qtity and t 5 pounds $7 per pound Direct labor 2 Din $15 per D Overhead 2 DL $12 per Units anufactured Actuall $204,300 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 Standard Cost AQ A AP AQ 50 x SP 41.000 $7.10 41,000 . 7:00 x $7.00 $ 297 490 $293,300 Pray 21 22 Next > Direct labor Overhead Units manufactured 2.OH 2 DUI # $12 per D $15 per DLH. 16,400 hours $15.50 per hour $204,300 8,300 units 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 AQ x AP AQ x SP 41.900 x $ 710 41,900 K $ 7.00 $297,490 $ 290,300 $ 4.100 $ Standard Cost SQ X SP T 5 700 Direct materials price variancie Direct materials quantity variance Total drect materials variance $ 4,190 Unfavorable Unfavorable Unfavorable