(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 Quantity and Cost 6 pounds @ $9 per pound 3 DLH @ $17 per DLH 3 DLH @ $12 per DLH Actual Results 51,500 pounds @ $9.20 per pound 25,300 hours @ $17.50 per hour $ 311,200 8,500 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each varian 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 Actual Cost Standard Cost AQ AQ SP SQ SP AP $ 9.20 51,500 51,500 X $ 9.00 X $ 9.00 $ 473.800 $ 463,500 $ 10,300 $ 0 Direct materials price variance Direct materials quantity variance Total variable overhead cost variance $ 10,300 Unfavorable Unfavorable Unfavorable 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 Quantity and Cost 6 pounds @ $9 per pound 3 DLH @ $17 per DLH 3 DLH @ $12 per DLH Actual Results 51,500 pounds @ $9.20 per pound 25,300 hours @ $17.50 per hour $ 311,200 8,500 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by se favorable, unfavorable, or 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 $ 0 $ 0 $ 0 0