MULUI LUITUL Tor the work you have completed so far. It does not indicate 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 5 lbs. @ $8 per lb, 2 hrs. @ $16 per hr. 2 hrs. @ 512 per hr. Actual 37,600 lbs. $8.20 per lb. 14,600 hrs. $16.40 per he. $184,300 7,480 Compute the direct materials price variance and the direct materials quantity variance (Indicate the effect of each variance 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 Help Save Eut Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to gw Required information Answer is not complete. Standard Cost AQ X SP Actual Cost AQ 37 600 X IS 308 320 AP $ 820 SP 37,600 SQ 12 $ 8.00 os x X $ 8.00 $300 800 96 S 7520 $ 300.704 Direct materials price variance Direct materials quantity variance Total direct materials variance 37.520 300,704 OS Unfavorable Unfavorable Unfavorable DLL