Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.

Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $11 per hr.) Actual 54,000 lbs. @ $8.20 per lb. 17,400 hrs. @ $17.50 per hr. $201,000 8,900 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. Actual Cost X Standard Cost SQL X AQ AP AQ X SP SP $ 0 $ 0 Direct materials price variance Direct materials quantity variance Total direct materials variance o Unfavorable Unfavorable Unfavorable