Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below] A manufactured product has the following information for June. Exercise 8-9 (Static) Direct materials variances LO P3 Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ=ActualQuantity SQ= Standard Quantity AP= Actual Price SP= Standard Price Required information AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice