Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed beiow.] A manufactured product has the following information for June. Exercise 21-9 (Algo) Direct materials variances LO P3 Compute the (1) direct materials price variance and (2) direct materiais quantity variance. findicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal ptaces.) AO= Actual Quantity SQ = Standard Quantity AP= Actual Price SP - Standard Price