Required informetion The following information applies to the questions displaved below? A manufactured product has the following information for June. Computh the (1) direct mpterials price voriance ond (2) direct materials quantizy variance (Indicate tha effect of each variance by selecting fovornble, unfavorable, or no variance. Round "Cost per unit" snawers to 2 decimal ploces.) AQ=ActualQuantitySQ=StandardQuantityAP=ActuolPriceSP=StandardPrice Compute the (1) direct materials price variance and (2) direct materials quantity varlance. (Indicate the effect of each var 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 Pice