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same info on both parts Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June.

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Required information [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. 2 hrs. @ $16 per hr. 2 hrs. $12 per hr. Actual 54,300 lbs. @ $8.10 per lb. 15,100 hrs. @ $16.40 per hr. $190,300 7,700 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 Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Standard Actuat Direct materials 7 lbs. $8 per lb. 54,300 lbs. $8.10 per lb. Direct labor 2 hrs. $16 per hr. 15,100 hrs. @ $16.40 per hr. Overhead 2 hrs. $12 per hr. $190,300 Units manufactured 7,700 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 Actual Cost Standard Cost

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