A manufactured product has the following Information for June. Standard 6 1bs. $7 per lb. 3...

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A manufactured product has the following Information for June. Standard 6 1bs. $7 per lb. 3 hra. $15 per hr. 3 hrs. e $11 per hr. Actual Direct materiala Direct labor Overhead Unita manufactured 53,400 lba. 67.10 per lb. 26,000 hrn. 915.50 per hr. $296,900 8,800 Compute the direct materlals price variance and the direct materials quantity varlance. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and 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 A manufactured product has the following Information for June. Standard 6 1bs. $7 per lb. 3 hra. $15 per hr. 3 hrs. e $11 per hr. Actual Direct materiala Direct labor Overhead Unita manufactured 53,400 lba. 67.10 per lb. 26,000 hrn. 915.50 per hr. $296,900 8,800 Compute the direct materlals price variance and the direct materials quantity varlance. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and 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

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