(The following information applies to the questions displayed below.) A manufactured product has the following information for June Standard Actual Direct materials 6 lbs. 58 per lb. 48, see lbs. 58.10 per lb. Direct labor 2 hrs. $15 per hr. 15,70 hrs. @ $16.50 per hr. Overhead 2 hrs. 512 per hr. $198,00 Units manufactured Compute the direct materiais price variance and the direct materials quantity variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cort per unit" answers to 2 decimal places.) AQ - Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price Actual Cost Standard Cost