Required information Use the following information for the Exercises below. (Algo) [The following informotion applies to the questions displayed below]) A manufactured product has the following information for June. Exercise 8-9 (Algo) Direct materials variances LO P3 Compute the (1) direct materiols price variance and (2) direct materlals quantity variance. Note: Indleate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places: AQ=ActualQuantitySQ=StandardQunntityAP=ActualPriceSP=StandatdPrice Compute the direct materials price and quantity variances. Note: Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance. Compute the direct labor rate variance and the direct labor efficiency variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable; or no varlance. Round "Rate per hour" ansurers to 2 decimal placet Required information Use the following information for the Exercises below. (Algo) [The following informotion applies to the questions displayed below]) A manufactured product has the following information for June. Exercise 8-9 (Algo) Direct materials variances LO P3 Compute the (1) direct materiols price variance and (2) direct materlals quantity variance. Note: Indleate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places: AQ=ActualQuantitySQ=StandardQunntityAP=ActualPriceSP=StandatdPrice Compute the direct materials price and quantity variances. Note: Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance. Compute the direct labor rate variance and the direct labor efficiency variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable; or no varlance. Round "Rate per hour" ansurers to 2 decimal placet