Exercise $21-9($Algo$)$ Direct materials variances LO P$3$

Compute the

$(1)$ direct materials price variance and

$(2)$ direct materials quantity variance.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to $2$ decimal places.

$\backslash ($ A Q$=\backslash )$ Actual Quantity

SQ $=$ Standard Quantity

$\backslash ($ A P$=$A c t u a l $\backslash )$ Price

$\backslash (\backslash$mathrm$\{$SP$\}=\backslash )$ Standard Price