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Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the...

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Accounting

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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 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

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