BEFORE YOU ANSWER JUST KNOW THAT THESE ARE NOT TWO SEPERATE QUESTIONS. THEY ARE SUBPARTS OF EACHOTHER. THERE ARE 3 PARTS.

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Direct materials 6 lbs. @ $8 per lb. Actual lbs. @ $8.10 per 48,500 lb. hrs. @ $16.50 per 15,700 hr. $198,000 8,000 Direct labor 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Overhead Units manufactured Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance 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 AQ X AP $ 0 $ 0 $ 0 0 [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Standard Direct materials 6 lbs. @ $8 per lb. Actual lbs. @ $8.10 per 48,500 lb. hrs. @ $16.50 per 15,700 Direct labor 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. hr. Overhead Units manufactured $198,000 8,000 Compute the direct labor rate variance and the direct labor iency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost