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Required Information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applles to the questions displayed below.$]$

A manufactured product has the following information for June.

Exercise $23-9($Algo$)$ Direct materials variances LO P$3$

Compute the $(1)$ direct materials price variance and $(2)$ direct materlals quantity varlance.

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

$AQ=$Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price