Chapter 21 Assignment i Saved 5 Required Information Part 2 of 3 [The following Information applies to the questions displayed below.) A manufactured product has the following Information for June. 1.42 points Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $7 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $10 per hr. Actual 53,900 lbs. @ $7.20 per lb. 17,600 hrs. @ $15.50 per hr. $238,100 8,980 eBook Hint Compute the direct materials price variance and the direct materials quantity varlance. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and no varlance. Round "Cost per unlt" answers to 2 declmal places.) Print AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price D References Actual Cost Standard Cost S 0 $ 0 S 0 0 Mc Graw Hill