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[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Compute the direct materials price variance and

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[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by electing for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) Q=ActualQuantityQ=StandardQuantityP=ActualPriceP=StandardPrice [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by electing for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) Q=ActualQuantityQ=StandardQuantityP=ActualPriceP=StandardPrice

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