The following information applies to the questions displayed below.$]$

A manufactured product has the following information for June.

Standard Quantity and Cost Actual Results

Direct materials $6$ pounds @ $$9$ per pound $51,400$ pounds @ $$9\mathrm{.}10$ per pound

Direct labor $3$ DLH @ $$15$ per DLH $25,200$ hours @ $$15\mathrm{.}60$ per hour

Overhead $3$ DLH @ $$12$ per DLH $ $311,100$

Units manufactured $8,500$ units

Compute the $(1)$ direct materials price variance and $(2)$ direct materials quantity variance.

Note: Indicate the effect of each variance by 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 Price

Compute the $(1)$ direct materials price variance and $(2)$ direct materials

quantity variance.

Note: Indicate the effect of each variance by 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 Price