Required Information

Use the following Information for the Exercises below. $($Algo$)$

$[$The following information applles to the questions displayed below.$]$

A manufactured product has the following information for June.

Exercise $21-9($Algo$)$ Direct materials variances LO P$3$

Compute the

$(1)$ direct materlals price varlance and

$(2)$ direct materlals quantity varlance.

Note: Indlcate the effect of each varlance by selecting favorable, unfavorable, or no varlance. Round "Cost per unlt" answers to $2$

decimal places.

$AQ=$ Actual Quantity

AP $=$ Actual Price

$SP=$ Standard Price