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Requlred Information

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

$[$The following Information applies to the questions displayed below.$]$

A manufactured product has the following information for June.

$\backslash$table$[[,$Standard Quantity and cost,Actual Results$],[$Direct materials,$5$ pounds @$$8$ per pound,$37,000$ pounds @$$8\mathrm{.}20$ per pound$],[$Direct labor,$2$DLH@$$17$ per DLH$,14,300$ hours @$$17\mathrm{.}50$ per hour$],[$Overhead$,2$DLH@$$12$ per DLH$,$$$180,400],[$Units manufactured,,$7,300$ units$]]$

Exercise $23-9($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 unit" answers to $2$ decimal places.

$AQ=$Actual Quantity

$SQ=$ Standard Quantity

AP $=$ Actual Price

SP $=$ Standard Price