Standard Actual Direct materials (6 lbs. @ $8 per lb.) 48,500 lbs. @ $8.10 per lb. Direct labor (2 hrs. @ $16 per hr.) 15,700 hrs. @ $16.50 per hr. Overhead (2 hrs. @ $12 per hr.) $ 198,000 Units manufactured 8,000 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.

A manufactured product has the following information for June Standard Actual Direct materials (6 lbs. Direct labor Overhead Units manufactured $8 per lb $8.10 per l $16.50 per hr 48,500 lbs. (2 hrs. @$16 per hr.) 15,700 hrs. (2 hrs. @ $12 per hr.) $198,000 8,000 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable Answer is not complete Actual Cost Standard Cost AP AQx SP SP 0 0 Direct materials price variance Direct materials quantity variance Total direct materials variance 0 Unfavorable 0 Unfavorable Unfavorable