Please include formulas and work!

Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Actual Results Direct materials Direct labor Overhead Standard Quantity and Cost 5 pounds @ $8 per pound 3 DLH @ $15 per DLH 3 DLH @ $11 per DLH 43,500 pounds @ $8.10 per pound 25,600 hours @ $15.60 per hour $ 289,400 8,600 units Units manufactured Exercise 21-9 (Algo) Direct materials variances LO P3 Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or 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 AQ X SP X X X AP $ 0 $ 0 0 0 SQ SP