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[The following information applies to the questions displayed below.] A manufactured product has the...

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Accounting

[The following information applies to the questions displayed below.]
A manufactured product has the following information for June.
\table[[,Standard Quantity and Cost,Actual Results],[Direct materials,6 pounds @ $8 per pound,43,100 pounds @ $8.10 per pound],[Direct labor,3 DLH @ $17 per DLH,21,000 hours @ $17.50 per hour],[Overhead,3 DLH @ $12 per DLH,$261,100 units],[Units manufactured,,7,100 units]]
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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