[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 @ $7 per pound 49,800 pounds @ $7.20 per pound Direct labor 2 DLH @ $16 per DLH 16,000 hours @ $16.50 per hour Overhead 2 DLH @ $11 per DLH $ 185,800 Units manufactured 8,200 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